Bitwise XRP ETFs Attract Over $200 Million Year-to-Date Inflows
- Significant Inflows: Bitwise's XRP exchange-traded products in the U.S. and Europe saw inflows on June 23, with over $200 million attracted year-to-date, indicating sustained investor demand for regulated XRP exposure and reinforcing the firm's position in the crypto market.
- Positive Market Trend: On June 9, the largest daily inflow for XRP ETF products reached $7.44 million, reflecting strong investor interest despite overall market pressures, suggesting that capital flows remain active in this segment.
- Structural Advantages: The U.S. XRP product offers spot XRP exposure through a listed fund structure, while the European product provides a similar route in ETP form, catering to investors unable to hold tokens directly, thus widening market access and mitigating risk.
- Diversified Investment Options: In addition to XRP, Bitwise's Hyperliquid ETF recorded approximately $19 million in daily inflows in May, demonstrating investor interest in large-cap crypto products and further validating the company's success in diversifying its crypto investment offerings.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.874 | 0.984 | 1.073 | 1.183 | 1.272 | 1.382 | 1.471 |
| Fibonacci | 0.984 | 1.06 | 1.107 | 1.183 | 1.259 | 1.306 | 1.382 |
About XRP
About the author
