XRP sinks below $2 despite $1B in ETF inflows: How low can price go?
Despite nearly $1 billion in inflows across 20 consecutive days for spot XRP ETFs, XRP's price has fallen below the key $2 support level.Summary
Spot XRP exchange-traded funds (ETFs) have attracted significant institutional interest, drawing in nearly $1 billion in cumulative inflows over 20 straight days, with total assets exceeding $1.2 billion. This strong demand, which outpaced Bitcoin ETF inflows on one recent day, suggests growing institutional confidence in XRP. However, this positive ETF trend has failed to support the asset's price, as XRP extended its downtrend, slipping below the psychological $2 support level for the second time since late November.
Technically, XRP is testing support around $1.93, but fewer holders are positioned to defend the price below $1.90 according to Glassnode's URPD data. The next significant support level is identified at $1.78, with a potential drop toward $1.61 or even $1.40 (the 200-week EMA) if this level breaks. Furthermore, the Relative Strength Index (RSI) has hit its lowest point since July 2024, indicating increasing downside momentum.
The article concludes by noting that while ETF demand supports a long-term bullish case for XRP, the immediate technical setup points toward a deeper correction unless key support levels are maintained.
(Source：Cointelegraph)