Category: Crypto market

XRP spot ETFs saw net inflows of $39 million during the last week, despite the massive losses in the broader cryptocurrency market. Capital pulled out of Bitcoin and Ethereum products during one of the year’s most aggressive risk-off periods, which coincided with the inflows.

Ethereum ETFs lost about $166 million during the week, while Bitcoin ETFs saw net outflows of $318 million. It is significant to remember that the only significant asset with consistent inflows was XRP. Bitwise’s XRP ETF was the most popular. Canary’s XRPC brought in $2.93 million, while Franklin Templeton’s XRPZ added $3.94 million with $8.29 million in daily inflows.

The inflows followed the token’s nearly 70% decline from its most recent peak, which made it the worst-performing cryptocurrency among the top 100 during the correction. Since then, XRP has leveled off at around $1.42.

The fact that XRP is trading below the descending channel, as indicated by the chart, confirms a breakdown and strengthens the overall bearish trend. Any upside is likely to encounter resistance close to the lower boundary of the descending channel, even though there may be a brief relief bounce. The MACD is still negative, and the RSI is getting close to oversold territory.

A relief bounce might be triggered by a successful hold above the $1.35–$1.40 support zone. A break above the declining channel could allow for a move toward $2.30-$2.60, where strong resistance previously formed, even though the initial upside targets are located close to $1.80-$2.

The Ripple-based token is struggling above $1.43 in the crypto market.

XRP is currently in one of those tense times when technical signals subtly attract increasing attention while fear rules the mood. Market analyst STEPH IS CRYPTO drew attention to this peculiar setup, highlighting uncommon momentum conditions that traders usually associate with significant turning points.

His observation coincides with the extreme weakness shown by XRP’s higher-timeframe indicators, raising the possibility that selling pressure may be exhausted

Although it does not ensure a rally right away, an oversold signal indicates that the downward momentum has extended past typical limits. On XRP’s weekly chart, the Relative Strength Index has fallen to levels uncommon outside of bear market bottoms. In previous cycles, similar readings were found close to notable lows that, once buyers returned to the market, resulted in robust recoveries

These historical comparisons are important. Rather than representing normal volatility because long-term indicators are more significant than short-term fluctuations, weekly momentum extremes typically indicate deep capitulation among traders. Even if price action is short-term unstable, that environment can lay the groundwork for stabilization and eventual reversal.

A complete trend reversal has not yet been confirmed by XRP, despite the positive indication. Before analysts can declare a sustained recovery, the price needs to reclaim significant resistance levels and set regular higher lows.

The Ripple-based token is struggling above $1.4 in the crypto market. XRP is currently in one of those tense times when technical signals subtly attract increasing attention while fear rules the mood. Market analyst STEPH IS CRYPTO drew attention to this peculiar setup, highlighting uncommon momentum conditions that traders usually associate with significant turning points.

His observation coincides with the extreme weakness shown by XRP’s higher-timeframe indicators, raising the possibility that selling pressure may be exhausted

Although it does not ensure a rally right away, an oversold signal indicates that the downward momentum has extended past typical limits. On XRP’s weekly chart, the Relative Strength Index has fallen to levels uncommon outside of bear market bottoms. In previous cycles, similar readings were found close to notable lows that, once buyers returned to the market, resulted in robust recoveries

These historical comparisons are important. Rather than representing normal volatility because long-term indicators are more significant than short-term fluctuations,, weekly momentum extremes typically indicate deep capitulation among traders. Even if price action is short-term unstable, that environment can lay the groundwork for stabilization and eventual reversal.

A complete trend reversal has not yet been confirmed by XRP, despite the positive indication. Before analysts can declare a sustained recovery, the price still needs to reclaim significant resistance levels and set regular higher lows.