Is XRP Selling Pressure Easing? Here’s What On-Chain Data, ETF Flows Signal.
XRP price has faced a prolonged downtrend due to significant selling pressure from whales and long-term holders over the past 6 months. On-chain data and inflows into XRP ETFs suggest a potential easing of this selling pressure, despite conflicting signals from technical charts. US-listed Spot XRP ETFs continue to see inflows, indicating investor interest in XRP. This development is crucial for the crypto market as it could signal a shift in sentiment towards XRP and potentially impact its price trajectory.
XRP
1.8607
-0.91%