Death cross pattern forms as BOJ and US bill delays weigh on price despite $1B ETF inflows in 4 weeks.
What's Happening:
$XRP drops 5.90% to $1.88 amid market-wide selloff and macro headwinds
Vanguard opens XRP ETF access to 50 million clients on December 2 - major reversal in stance
XRP ETFs attract $1 billion in inflows within just 4 weeks of launch
Technical "death cross" pattern forming on charts with potential downside to $1.50
Why It Matters: The Vanguard reversal is a watershed moment for XRP's institutional legitimacy. The asset manager managing $8 trillion opened crypto access despite its historically anti-crypto stance. The $1B ETF inflows in 4 weeks demonstrate institutional appetite remains strong despite price weakness. However, BOJ rate hike concerns and US Market Structure Bill delays are creating near-term headwinds.
Technical View: XRP is trading sideways between $1.85 and $2.01 as a death cross nears formation. Critical support at $1.85 - losing this opens path to $1.63 or even $1.50. Resistance at $2.00 psychological level. Some analysts see recovery potential to $2.20-$2.30 if current support holds through BOJ decision and Fear & Greed stabilizes from 24.
🎯 Key Levels:
Support: $1.85 | Resistance: $2.01
24h Range: $1.85 - $2.01
💡 When the biggest asset manager in the world u-turns on your asset, pay attention to actions not price
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#XRP #Ripple #Vanguard #ETF #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
