XRP Down 5% as WisdomTree Withdraws ETF Filing, but 2026 Looks Good

Market Impact - XRP experienced a downturn on January 7, resulting in a loss of approximately $5 billion in market capitalization, with the price trading around $2.27, down by 3.2% over 24 hours due to WisdomTree's withdrawal of its XRP ETF filing with the US SEC [1] - Despite the short-term price impact from WisdomTree's decision, selling pressure remained minimal, and XRP is still up about 22% over the past week, adding around $25 billion in market cap [4] ETF Developments - WisdomTree requested the removal of its XRP ETF filing, which was still under early review and had not received approval, indicating a strategic pause in their plans [2] - The withdrawal occurred despite strong demand for XRP-based funds, with US spot XRP ETFs recording over $1.25 billion in total inflows, including $19.12 million in net inflows on January 6 alone, pushing total net assets to $1.62 billion [3] Company Expansion - Ripple is actively expanding its core business, having acquired Solvexia through its GTreasury unit, which focuses on no-code finance automation and analytics, aiming to enhance reporting services for finance and compliance teams [5] - Additionally, Ripple launched spot prime brokerage services for US institutional clients in November 2025, facilitating over-the-counter trades across various digital assets [6]