XRP Jumps 9.42% as ETF Inflows and Short Liquidations Ignite Market Recovery
- Market Recovery Momentum: XRP surged 9.42% today, trading near $2.33, driven by strong trading volume and short liquidations, with market capitalization reaching $141.71 billion, indicating increased market engagement.
- Volume Surge: The 24-hour trading volume hit $7.59 billion, marking a 125.35% increase, which reinforces the breakout narrative and suggests improving market sentiment.
- ETF Inflows Support: XRP exchange-traded funds (ETFs) recorded net inflows of $46.1 million during the session, providing structural support to the market, with cumulative net inflows now at $1.23 billion since the first XRP ETF launched on November 13, reflecting sustained institutional interest.
- Short Liquidation Effect: More than $250 million in short positions were liquidated within a short timeframe, leading to price increases and heightened volatility, further confirming the strength of the market rebound as investors closely watch whether this momentum can be sustained.
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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 | 0.518 | 0.818 | 1.156 | 1.455 | 1.793 | 2.093 | 2.431 |
| Fibonacci | 0.818 | 1.061 | 1.212 | 1.455 | 1.699 | 1.849 | 2.093 |
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