XRP News Today: XRP Faces $2.30 Test as ETF Inflows Compete with Negative Technical Signals
- XRP faces bearish pressure as technical indicators signal a potential slide below $2.15, with key support levels at $2.29–$2.30 under critical scrutiny. - The launch of the first XRP spot ETF generated $138M inflows but triggered $68M in profit-taking, complicating market dynamics amid macroeconomic uncertainty. - Institutional interest in blockchain infrastructure contrasts with fragile short-term price action, as XRP trades below key moving averages with declining RSI. - Volume surged 34% to $6.14B but
XRP is encountering increased downward pressure as technical signals suggest a possible dip below $2.15, putting crucial support levels to the test amid conflicting market cues. The token's value has pulled back to a pivotal point, prompting traders and analysts to watch closely to see if it can remain above key levels and avoid further losses. Recent figures indicate
XRP’s technical outlook has weakened, with a fall beneath important support areas sparking a bearish
Metrics for volume and momentum offer a mixed outlook.
Looking forward, XRP’s future will depend on the strength of ETF inflows and Bitcoin’s ability to remain near $105,000. A decisive move above $2.48 could reverse the bearish pattern and set sights on $2.60 or higher, but
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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