XRP came under pressure on Monday, slipping from $1.42 to about $1.37, a decline of more than 3% in a day. Its market capitalization stood near $85.24 billion. The move was tied to several developments hitting the market at once: a major bank’s portfolio shift, unconfirmed exposure claims tied to Citadel, and a macro backdrop that pushed investors away from higher-risk crypto trades.
Goldman Sachs filing put XRP ETF positioning in focus
The sharpest reaction followed Goldman Sachs’ latest 13F filing. According to Wu Blockchain, the bank fully exited its XRP and Solana ETF positions in Q1 2026. Before the sale, those ETF holdings were worth roughly $154 million. Goldman still held around $700 million in Bitcoin ETFs, but it also cut its Ethereum ETF exposure by about 70%, bringing that position down to roughly $114 million.
The filing did not show a full retreat from crypto-linked assets. Goldman increased stakes in Circle, Galaxy, and Coinbase shares, while trimming Strategy, IREN, Bit Digital, and Riot. Even so, the market focused on the XRP-related exit. A repositioning by an institution of that size can quickly influence short-term sentiment, and XRP prices reacted almost immediately.
Unverified Citadel reports added another layer of pressure
At the same time, traders were dealing with reports circulating on crypto social media claiming Citadel has around $1.7 million of XRP ETF exposure through Bitwise and Canary products. The source article also noted a key limitation: there is still no regulatory filing confirming that position.
The claim was attributed to Crypto Briefing and surfaced months after Citadel Securities backed Ripple’s $500 million funding round alongside Fortress. That does not make the ETF exposure report official. Still, unconfirmed information often affects trading behavior before it is verified, and that pattern appeared to show up again in XRP markets.
US-China trade announcements shifted broader risk appetite
Macro news also fed into the move. The White House announced several US-China agreements after President Trump’s meeting with Chinese President Xi. The Kobeissi Letter highlighted a number of points: China would address supply chain gaps in rare earths and critical minerals; Chinese airlines would make an initial purchase of 200 US-made Boeing aircraft; China would buy at least $17 billion in US farm products each year through 2028; market access for US beef was restored with more than 400 facilities relisted; imports of US poultry from USDA-certified avian flu-free states resumed; and Xi is scheduled to visit the White House this fall.
Large trade agreements can reduce market anxiety and improve confidence in traditional risk assets. In that setting, part of the market tends to pull capital away from more volatile altcoins. XRP’s decline took shape during that broader shift.
ETF inflows stayed positive while $1.30 emerged as the level to watch
Despite the sell-off, ETF flow data in the source remained constructive. SoSoValue figures as of May 15 showed $10.87 million in daily net inflows, $1.39 billion in cumulative net inflows, and $24.20 million in total traded value. Bitwise led daily inflows with $4.81 million, followed by Grayscale at $1.16 million and Canary at $1.06 million. The article described this as one of the stronger recent weekly inflow readings.
In price terms, $1.30 is the immediate support level in focus. The source says a hold above that area could allow a rebound toward $1.50 to $1.65, while a break above $1.80 could open the way to $2.20 to $2.80. On the downside, a close below $1.30 could expose $1.10 or even levels below $1. Monday’s drop did not come from one headline alone; it reflected how institutional reallocations, rumor-driven trading, and macro news can collide in a single session.