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XRP Holds Above 2 USD: $1B ETF Cash Flow Sufficient to Protect Nancy's Disclosure?
Step-by-step Drop: XRP Loses Momentum to Hold Price
Despite support from institutional investors, XRP's technical situation is becoming increasingly complex. Last Monday, XRP's price dropped below the psychological $2 level for the second time since late November, with a decline of over 11% in the past 10 days. The Relative Strength Index (RSI) is now at its lowest since July 2024, clearly signaling increased selling pressure.
According to analysis from Glassnode, the XRP/USDT pair is testing a support zone around $1.93, a level with limited support. Small buy clusters only appear below $1.90, meaning very few holders will defend the price at higher levels. Without intervention from buyers, XRP could continue sliding down to $1.78, where approximately 1.85 billion tokens were previously accumulated.
The final and most critical support level lies in the $1.40-$1.61 range, defined by the 200-week EMA and the previous local bottom. If broken, XRP could fall into the green zone below $1.40.
Nancy Shows Inventory But ETF Inflows Still Continue
Interestingly, while the price keeps declining, XRP spot ETF funds in the US continue to record inflows. Since launch, these funds have attracted nearly $1 billion, with total assets under management exceeding $1.2 billion.
According to data from SoSoValue, XRP funds added $20.2 million last Friday, bringing total inflows to $990.9 million. Franklin XRP ETF (XRPZ) leads with $8.7 million in inflows, increasing its net assets to $175 million. Meanwhile, Bitwise XRP ETF (XRP) and Canary XRP ETF (XRPC) also recorded inflows, while Grayscale XRP Trust ETF (GXRP) and 21Shares XRP ETF (TOXR) remained silent.
Notably, XRP ETF inflows have persisted for 20 consecutive days, even surpassing the $49 million inflow into BTC ETF on the same day. Conversely, ETH ETF experienced outflows of $19.4 million, with an additional $42.3 million withdrawn on Thursday. BitcoinSensus analyst commented: “Institutional demand for XRP is heating up rapidly, even as BTC and ETH face difficulties.”
Market Contradiction: Why Is Capital Going In But Price Still Falling?
The contradiction between inflows into ETFs and the falling price paints a complex picture of the XRP market. It’s possible that institutional investors see the sub-$2 level as an accumulation opportunity, or simply that selling pressure from large old holders outweighs new buying.
According to previous bullish theories, XRP still has the potential to reach $10 by 2026, but weak technical supports raise serious questions about its short-term price stability. The $1 billion ETF inflow is definitely a positive signal, but it needs to be validated by the ability to defend upcoming critical support levels.
Investors should closely monitor the $1.78 level – if broken, a deeper correction is inevitable.