XRP investors hold tokens despite 25% price crash below acquisition cost

XRP traded near $1.29 on Oct. 29, roughly 25% below the modeled acquisition cost of $1.71 for US-listed funds. Data from XRP Insights shows a net reduction of 2.96 million XRP across six products from Oct. 26-28, a decline of 0.26% in holdings. Bitwise's fund decreased from 416.61 million to 413.82 million XRP, while Franklin Templeton and 21Shares were flat. Large creations and redemptions may offset each other, and Oct. 28 saw a partial reversal with an addition of about 174,140 XRP.