XRP ETFs Remain in Green but Inflows Hit a Record Low: How Will Price React?
XRP price is consolidating near $2.08 as record-low ETF inflows conflict with aggressive long-term holder accumulation.Summary
XRP price is currently holding above $2.08, maintaining a bullish inverse head and shoulders pattern, but the expected breakout is delayed due to a significant drop in institutional demand. For the week ending January 9, XRP spot ETF net inflows fell to a record low of $38.07 million, which coincided with the sharpest part of XRP's recent pullback. This lack of steady ETF follow-through demand near the neckline (around $2.50) has stalled the pattern confirmation.
Conversely, long-term holder conviction has surged, with the holder net position change spiking nearly 300% between January 9 and 10, indicating aggressive accumulation that is absorbing selling pressure. This accumulation is occurring just below key supply zones, notably the first cluster at $2.14-$2.15 and the critical neckline resistance at $2.48-$2.50.
The path forward depends on clearing these levels: a daily close above $2.15 would confirm holder accumulation is winning, while a decisive break above $2.50 would confirm the inverse head and shoulders pattern, potentially triggering a projected 34% upside move. Support remains critical at $2.06.
(Source：BeInCrypto)