🔴 XRP ETF (XRP) is trading 3.3% down in pre-market on August 28, 2026 after profit-taking

The Bitwise XRP ETF is trading at $15.77 (-3.33%) as profit-taking follows XRP’s exceptionally strong multi-session rally.

• The pullback appears primarily profit-taking rather than deteriorating ETF demand; spot XRP ETFs saw substantial recent inflows, including $23.87 million on August 27, with positive flows continuing.
• Risk appetite is mildly weaker: Nasdaq futures are down 0.29%, while markets await Federal Reserve Chair Warsh’s Jackson Hole remarks.
• The July trade deficit widened sharply, potentially weighing on growth expectations.