XRP at $1.88: Is a Massive Breakout Imminent? 🚀
XRP is currently trading around $1.88, and while the short-term chart looks concerning, a major catalyst is brewing. The price dipped below a crucial support level after failing to overcome resistance earlier this week, but here’s the key: spot $XRP ETFs are relentlessly buying the dip.
Since launching on November 13th, these ETFs have seen consistent net inflows, now holding over $1INCH billion in assets. This isn’t retail fear – it’s institutional accumulation during a price pullback. 🧐
Interestingly, on-chain data reveals a surge in negative sentiment around $XRP, mirroring a pattern seen right before its July rally. Historically, extreme pessimism has often signaled market bottoms.
We’re seeing a clear divergence: weak price action, capitulation-level sentiment, and consistently bullish institutional flows. This imbalance won’t persist. Either the ETF inflows will slow, or the price will catch up – and historically, smart money wins. $XRP’s current level isn’t just a support test; it’s a critical stress test.
#xrp #CryptoNews #XRP #Altcoins 💥
