The recent approval of the XRP ETF has failed to ignite the bullish momentum many anticipated, as persistent selling pressure from large holders continues to weigh on prices. According to CryptoQuant analysis, the majority of inflows to Binance come from the 100K-1M and 1M+ XRP bands. These large transfers typically precede selling activity. Moreover, after each significant inflow spike, XRP’s price has formed a lower-high and lower-low pattern.
That means supply is overwhelming demand in the absence of strong new spot buyers. XRP is also dealing with accelerating institutional adoption and intensifying regulations, which compound these bearish technical signals. However, analysts caution that a breach below $1.77 could trigger a drop to $0.79.
Investors are closely monitoring the $1.75 to $1.80 support zone this week; holding it might spark relief rallies, but a breakdown could test April 2025 lows. Whales capitalized on expectations of ETF approval by accumulating XRP in advance and then providing sell-side liquidity, effectively offloading the narrative to retail investors. This has resulted in consistent selling pressure whenever prices approach the $1.95 level, making any bullish expectations unrealistic until exchange inflows subside.
The first major support zone identified at $1.82 to $1.87, where the price briefly stabilized and attracted small buyers. Analysts warn of a further retreat to the $1.50 to $1.66 range should inflows persist at current levels.
Leave a Reply