Goldman Sachs Becomes Largest Institutional Holder of XRP ETF, But Price Remains Stuck at $1.50 Resistance

Goldman Sachs has recently emerged as the largest institutional holder of Spot XRP Exchange Traded Funds (ETFs), with its XRP ETF holdings totaling nearly $154 million, far exceeding other financial institutions that have disclosed their positions. While this figure highlights significant interest from mainstream capital in XRP asset allocation, the XRP token price has consistently failed to break through the key resistance level of $1.50 over the past month, showing a consolidating trend. According to 13F filings released by the U.S. Securities and Exchange Commission (SEC), the total assets under management (AUM) of global XRP ETFs are currently around $1.21 billion, while the aggregate institutional holdings disclosed through 13F amount to approximately $211 million, accounting for only 16% of the overall market. This implies that over 80% of ETF shares are held by retail investors who are not required to disclose their positions, with market trading primarily driven by individual investors rather than concentrated institutional funds. In this context, industry observers generally believe that XRP's price movements are more driven by retail sentiment and overall market risk appetite. Ripple Labs CEO Brad Garlinghouse recently referred to XRP as the company's strategic "North Star" at an event, emphasizing its central role in the payment network. However, even with institutions continuously increasing their ETF allocations, the market performance of the token itself has not received significant support. Technically, $1.50 has formed a solid resistance zone. If sustained buying volume emerges in the future and effectively breaks through this price level, XRP is expected to move towards the psychological barrier of $2. Conversely, if there is a lack of incremental capital to drive the price, it may continue to fluctuate within the $1.30 to $1.50 range. Currently, escalating geopolitical tensions in the Middle East are exacerbating risk-off sentiment in global risk assets, further suppressing the recovery of sentiment in the crypto market.