Wells Fargo Discloses Millions in XRP ETF Holdings

Wells Fargo just revealed millions of dollars in exposure to an XRP exchange traded fund through its latest SEC filing. The major American bank reported a combined nine million dollar position tied to the Bitwise XRP fund, catching the eye of market watchers and retail traders alike.

This institutional move arrives while XRP trades right around the psychological one dollar mark. The token has experienced a flat stretch recently, moving in a tight range between ninety eight cents and one dollar. Resistance sits stubbornly near one dollar and three cents, keeping buyers and sellers at a standstill for now.

Big banking interest adds a fresh layer of bullish sentiment to the market alongside other major firms taking positions in crypto products. Traders are keeping a close eye on the charts to see if the token can hold crucial support at ninety eight cents or break past overhead resistance to spark a new rally.