XRP ETFs Post Inflows For 7 Consecutive Weeks – Why Price Still Struggles
XRP value has struggled to regain traction over current weeks, with a number of failed restoration makes an attempt deepening bearish strain. The token stays locked in a downtrend, reflecting hesitation throughout the broader crypto market.
Despite this weak point, XRP ETFs proceed to draw capital, signaling that institutional demand stays resilient.
XRP ETF Demand Remains Strong
Losses amongst XRP holders have steadily elevated, including strain to near-term value motion. Net Unrealized Profit and Loss information reveals unrealized earnings have dropped to a yearly low. Investors who bought XRP above $1.86 are actually holding losses, whereas solely those that entered beneath this stage stay in revenue.
This shift raises considerations round long-term holder habits. Addresses holding XRP for greater than a yr might think about promoting to lock in remaining positive aspects. If profit-taking accelerates amongst these holders, promoting strain may intensify and additional weigh on XRP value stability.
XRP ETFs stay the asset’s strongest macro assist. Since launching six weeks in the past, the funds haven’t recorded a single day of internet outflows. This consistency stands out amid broader market uncertainty and declining exercise within the spot crypto market.
Momentum has continued into week seven. On the buying and selling day earlier than Christmas, XRP ETFs recorded $11.93 million in inflows. This information suggests institutional buyers keep confidence in XRP’s longer-term outlook, whilst retail sentiment weakens and value motion stays constrained.
XRP Price Downtrend Continues
XRP traded close to $1.86 on the time of writing, holding simply above the $1.85 assist stage. Price stays capped beneath a downtrend line that has continued for over six weeks. Repeated failures to interrupt this construction have bolstered bearish sentiment amongst short-term merchants.
A breakout seems unlikely below present situations. Market course stays unclear, and rising losses improve the chance of extra promoting. ETF inflows might assist stabilize value, potentially keeping XRP above the $1.79 assist. A breakdown beneath that stage may lengthen the downtrend towards $1.70.
However, a shift in broader market situations may alter the outlook. Improved danger sentiment may allow XRP to bounce from $1.85. A decisive transfer above the downtrend line would goal $1.94. Clearing that stage may open a path towards $2.00, invalidating the bearish thesis.
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