- XRP ETFs recorded $1.26M in daily inflows with zero outflows over the past seven days.
- Cumulative inflows have reached $1.21B, pushing total net assets close to $1B.
- A breakdown opens $0.90-$0.70, while a breakout above $1.74 shifts momentum bullish.
US XRP spot ETFs recorded $1.26 million in daily inflows, extending a seven-day streak with zero outflows. Cumulative net inflows now stand at $1.21 billion, showing steady capital absorption despite a weak price structure.
Total net assets sit near $995.7 million, with daily traded value around $10.5 million, as per SoSoValue data. Flows remain positive even as XRP trades below key resistance levels.
Bitwise-led products drove most of the daily inflow, while other ETFs remained flat but stable. Net assets across products continue to build, with individual funds holding between $67 million and $278 million.
XRP Price Analysis: What’s Happening?
Analyst ChartNerd stated that XRP has spent around eight weeks hovering near the 200-week EMA, currently around $1.40-$1.41. He noted that holding this level is critical, as sustained closes below it would signal further downside.
He added that the 20-week EMA near $1.74 remains the key upside level, acting as resistance. The price is currently trapped between these two levels.
The broader structure is a falling wedge with lower highs and lower lows compressing into a decision point.
Source: ChartNerd
ChartNerd explained that XRP is converging between wedge resistance and support, with volatility expansion expected soon. He stated that a short-term relief rally toward $1.70-$1.90 is possible, but failure at resistance could trigger another leg down.
The key downside target remains the demand zone between $0.90 and $0.70. This zone acts as a liquidity pocket where a base could form.
Bullish Trigger vs Breakdown Risk
A reclaim of the 20-week EMA and a breakout above wedge resistance would confirm strength. ChartNerd stated that if XRP flips resistance into support and holds higher lows, the market could confirm that the bottom is already in.
The bearish case is also clear. Failure to hold the 200-week EMA opens the path to a deeper sweep into the $0.90-$0.70 range. He noted that a potential death cross between the 20-week and 200-week EMAs is forming, similar to the 2022 cycle low setup.
If that pattern repeats, the final bottom may form in mid-year before a larger breakout.
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Source: https://coinedition.com/xrp-etfs-clock-1-2m-in-inflows-with-no-outflows-in-7-days-recovery-next/
