XRP Price Fluctuations and ETF Inflow Analysis
- Price Fluctuation: As of May 20, XRP traded around $1.37, down 1.37% over 24 hours with a trading volume exceeding $1.8 billion, indicating sustained market interest despite a weak long-term performance, having dropped 5.88% over the past week.
- ETF Inflow Analysis: XRP spot ETFs recorded $17.11 million in net inflows on April 15, with total assets surpassing $1.25 billion, although total assets fell from $1.25 billion on May 14 to $1.12 billion on May 19, suggesting institutional demand persists but has not breached resistance levels.
- Exchange Liquidity Changes: According to CryptoQuant, XRP deposit activity on Bybit significantly weakened after May 16, indicating potential increased selling pressure, while withdrawal transactions on Binance and Coinbase now exceed deposits, reflecting a cautious market sentiment.
- Technical Analysis Signals: Analysts noted that XRP's 3-day chart shows the tightest Bollinger Band squeeze, with the current price range viewed as a “no-trade zone,” where a break above $1.50 could target $1.80, while a drop below $1.29 may lead back to $1.00, necessitating close attention to key candle behavior for future trend direction.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 4 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 | 1.114 | 1.231 | 1.316 | 1.433 | 1.518 | 1.635 | 1.72 |
| Fibonacci | 1.231 | 1.308 | 1.356 | 1.433 | 1.51 | 1.557 | 1.635 |
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