$XRP is at a critical pivot after a high-volatility session.

📊 $164M day-one ETF inflows into Franklin Templeton’s XRPZ and Grayscale’s GXRP highlight strong institutional appetite.

But derivatives markets flipped: Binance OI dropped from $1.7B → $504M, triggering one of the largest liquidation events since 2022.

🐋 Whale wallets distributed 180M XRP, adding near-term selling pressure.

Technical Outlook:

• XRP broke below $2.24 and is retesting $2.20 support

• Consolidation band forming at $2.20–$2.21

• Macro wedge structure still intact, projecting a $4.50–$7.00 long-term target if $2.38 is reclaimed

• Indicators show reaccumulation, not collapse

What to monitor:

✔ ETF inflow momentum

✔ Whale distribution vs. accumulation

✔ Whether OI stabilizes

✔ Defense of the $2.20 level

A reclaim of $2.24 could revive bullish continuation. A breakdown risks $1.88–$1.91.