Experiencing #XRP strong selling pressures despite over a billion dollars flowing into associated ETFs over the past six weeks (approximately 1.01 billion dollars total, without a single outflow day!).
The price is currently around 1.90-1.92 dollars, which is a drop from 2 dollars, a significant psychological support level.
Main reasons:
- Selling by whales and old investors to take profits.
- Slowdown in the pace of new inflows into the ETF.
- General weakness in the crypto market and decreased liquidity in derivatives.
