XRP ETFs Experience $40.8M Outflow, Ending 54-Day Inflow Streak
- Outflow Trend Emerges: On January 7, XRP spot ETFs recorded a $40.8 million outflow, ending a 54-day inflow streak, which significantly reflects a decline in institutional confidence, leading to a 14% drop in XRP price over three days.
- 21Shares Fund Leads Redemptions: Among the five approved XRP ETF products, the 21Shares TOXR fund experienced the largest outflow of $47.25 million, pushing its cumulative flow into negative territory, indicating a lack of market confidence in this product.
- Decline in Assets Under Management: The total assets under management for XRP ETFs fell from $1.65 billion to $1.53 billion, suggesting a waning interest from investors that could impact future inflows and market performance.
- Increased Market Caution: During the ETF outflow period, 22 million XRP tokens were moved off exchanges, raising trader attention regarding potential supply changes, although no direct correlation with ETF outflows has been confirmed.
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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 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 0.515 | 0.816 | 1.152 | 1.453 | 1.79 | 2.091 | 2.427 |
| Fibonacci | 0.816 | 1.059 | 1.21 | 1.453 | 1.697 | 1.847 | 2.091 |
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