🌠XRP (CRYPTO: XRP) has retraced nearly 63% from its multi-year high of $3.66 to around $1.36 as of Wednesday, a move that market analysts say could carry bearish implications unless buyers reassert themselves. The slide comes amid a confluence of technical signals and growing on-chain activity that could either reinforce a near-term downshift or set the stage for a stubborn reversal. Traders are weighing a technical setup that points toward further pressure against a backdrop of sustained demand from spot XRP ETFs and persistent whale accumulation, painting a nuanced picture for the digital asset's near-term trajectory.
⏰ The Gaussian Channel, a charting method used to identify trends and potential support or resistance levels, places XRP at a crossroads where previous patterning has often dictated the tempo of subsequent moves.
🚀Key takeaways:-
1. The price action has broken below a critical zone near $1.40, aligning with a bearish setup that could extend losses toward the $0.70-$1 range if support fails.
2. The Gaussian Channel shows the upper regression band near $1.16 and the middle band around $0.70, suggesting that a test of important structural levels could unfold over the coming weeks or months.
3. A drop below the local low of $1.12 would validate the bearish scenario described by market technicians, potentially accelerating the downside case.
4. Spot XRP ETF inflows have continued, with cumulative net inflows reaching about $1.01 billion and inflows of roughly $3.26 million on a single day, underscoring ongoing institutional interest.
5. On-chain activity has picked up, with whale transactions exceeding $100,000 and active addresses surging to a six-month high, signaling that buyers remain engaged despite the price decline.
🌟Tickers mentioned: $XRP, $BTC, SETH
🌟Sentiment: Bearish
🌟Price impact: Negative. A break below key supports could push XRP toward the mid-band around $0.70, extending the downside unless buyers step in.
🌟Trading idea (Not Financial Advice): Hold. Near-term risk remains elevated if $1.12 fails, but renewals in ETF inflows and on-chain activity keep the scene cautiously balanced.
🌟Market context: The XRP market remains closely tethered to liquidity flows from spot XRP ETFs and evolving on-chain activity. Spot XRP ETF inflows have continued, contributing to roughly $1.01.
⏰What to watch next:-
1. Monitoring XRP's level relative to the $1.12 local low to gauge whether the bearish scenario gains traction.
2. Tracking the Gaussian Channel bands around $1.16 (upper) and $0.70 (middle) for potential testing or breakout signals.
3. Observing ongoing spot XRP ETF inflows and AUM, which could widen the collision between technical resistance and liquidity-driven strength.
4. Watching on-chain metrics, especially the trajectory of whale transactions and daily active addresses, for signs of renewed accumulation or distribution.
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✨🎯Why Xrp Could Still Dip Below $1👇🏆#CryptoSurvivalGuide #GateSquareValentineGiveaway
🌠XRP (CRYPTO: XRP) has retraced nearly 63% from its multi-year high of $3.66 to around $1.36 as of Wednesday, a move that market analysts say could carry bearish implications unless buyers reassert themselves. The slide comes amid a confluence of technical signals and growing on-chain activity that could either reinforce a near-term downshift or set the stage for a stubborn reversal. Traders are weighing a technical setup that points toward further pressure against a backdrop of sustained demand from spot XRP ETFs and persistent whale accumulation, painting a nuanced picture for the digital asset's near-term trajectory.
⏰ The Gaussian Channel, a charting method used to identify trends and potential support or resistance levels, places XRP at a crossroads where previous patterning has often dictated the tempo of subsequent moves.
🚀Key takeaways:-
1. The price action has broken below a critical zone near $1.40, aligning with a bearish setup that could extend losses toward the $0.70-$1 range if support fails.
2. The Gaussian Channel shows the upper regression band near $1.16 and the middle band around $0.70, suggesting that a test of important structural levels could unfold over the coming weeks or months.
3. A drop below the local low of $1.12 would validate the bearish scenario described by market technicians, potentially accelerating the downside case.
4. Spot XRP ETF inflows have continued, with cumulative net inflows reaching about $1.01 billion and inflows of roughly $3.26 million on a single day, underscoring ongoing institutional interest.
5. On-chain activity has picked up, with whale transactions exceeding $100,000 and active addresses surging to a six-month high, signaling that buyers remain engaged despite the price decline.
🌟Tickers mentioned: $XRP, $BTC, SETH
🌟Sentiment: Bearish
🌟Price impact: Negative. A break below key supports could push XRP toward the mid-band around $0.70, extending the downside unless buyers step in.
🌟Trading idea (Not Financial Advice): Hold. Near-term risk remains elevated if $1.12 fails, but renewals in ETF inflows and on-chain activity keep the scene cautiously balanced.
🌟Market context: The XRP market remains closely tethered to liquidity flows from spot XRP ETFs and evolving on-chain activity. Spot XRP ETF inflows have continued, contributing to roughly $1.01.
⏰What to watch next:-
1. Monitoring XRP's level relative to the $1.12 local low to gauge whether the bearish scenario gains traction.
2. Tracking the Gaussian Channel bands around $1.16 (upper) and $0.70 (middle) for potential testing or breakout signals.
3. Observing ongoing spot XRP ETF inflows and AUM, which could widen the collision between technical resistance and liquidity-driven strength.
4. Watching on-chain metrics, especially the trajectory of whale transactions and daily active addresses, for signs of renewed accumulation or distribution.