XRP and psychological barriers: Can the ETF money flow save the price?
Looking at numbers like 91 million USD poured into ETFs or the increase in million-dollar wallets, many of you must be very excited. However, that's the situation; we need to look directly at the price chart to avoid falling into the trap of being overly optimistic. XRP is still stuck in a long-term downtrend and continuously fails to conquer the 2 USD mark. Even when good news is pouring in, the price still hovers around 1.88 USD, indicating that selling pressure above is still extremely heavy. #anhbacong
The inability of the price to break through the 50-day moving average (MA50) is a signal that the bulls are running out of steam. You should remember that, even if whales are accumulating, they have a vision measured in years, while if we use excessive leverage at this level, we can easily find ourselves "on an island" before we can see the dawn. The current market is prioritizing a defensive mentality and avoiding risks. If leading coins do not soon show signs of recovery to guide the money flow, XRP will find it very difficult to create a sustainable comeback on its own. Don't be too hasty to go "all in" just because you see a few million-dollar wallets popping up on the electronic board. $XRP
