VXX is holding up, considering the market is roaring higher
If being down 6% on the day is a sign of "holding up", I'd hate to see how you define a bad day.
This product is designed to decline because of contango.
Sentiment: Strong Sell
The VIX is down over 10% today and VXX is only down 6%, so yes it is holding up.
I know I'm just surprised it's not making new lows yet