Goldman Sachs has disclosed a substantial holding of approximately $152 million in XRP ETFs, making it the largest institutional investor in this sector. According to PANews, the financial giant currently holds four XRP ETF products: Bitwise XRP ETF ($39.8 million), Franklin XRP Trust ($38.5 million), Grayscale XRP ETF ($38 million), and 21Shares XRP ETF ($35.9 million), collectively accounting for about 73% of the top 30 institutional investors' total holdings.
Despite this significant investment, XRP's recent performance remains weak. Market sentiment is cautious, and technically, XRP has formed a bearish flag pattern, indicating a potential downside of around 50%. Analysts suggest that while institutional allocations reflect long-term confidence, XRP faces considerable short-term adjustment risks due to macroeconomic pressures and weakening capital flows.