XRP ETF inflows exceed $756M as bullish divergence hints at trend reversal
Spot XRP ETFs have seen over $756M in inflows, coinciding with bullish technical signals suggesting a potential price reversal.Summary
US-based spot XRP ETFs have recorded eleven consecutive days of inflows, accumulating over $756 million since their launch on November 13, indicating strong institutional demand. Four XRP ETFs are currently active, with Canary’s XRPC leading inflows. This sustained demand is further supported by technical indicators suggesting a bullish trend reversal for XRP.
The daily chart shows a strong bullish divergence between the Relative Strength Index (RSI) and XRP price, which typically signals waning bearish momentum. Additionally, the TD sequential indicator on the weekly chart is flashing a buy signal, which historically preceded significant rallies for XRP/USD. The indicator suggests a potential rally up to $5.60.
However, XRP faces immediate resistance between $2.20 and $2.50, reinforced by the 50-week simple moving average. A decisive break above $2.18 could propel the price toward the $3 psychological level.
(Source：Cointelegraph)