Analysis: Goldman Sachs' $152 million XRP ETF holding failed to boost prices; XRP may face a 50% downside risk.

CoinFeed reported on March 28th, citing Cointelegraph, that despite Goldman Sachs disclosing approximately $152 million in spot XRP ETF positions, making it the largest institutional investor in the sector, XRP's recent performance remains weak. The disclosure shows that Goldman Sachs 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), accounting for approximately 73% of the total holdings of the top 30 institutional investors. However, market sentiment remains cautious, and technically, XRP has formed a bearish flag pattern, implying a potential downside of approximately 50%.