XRP Spot ETFs See Inflows While Bitcoin and Ether Experience Outflows

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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XRP Inflow Dynamics: On June 26, XRP spot ETFs recorded net inflows, indicating a selective risk appetite among investors as Bitcoin and Ether ETFs faced outflows, suggesting a shift in focus towards smaller crypto assets amidst broader market trends.
Outflows from Bitcoin and Ether: On the same day, Bitcoin and Ether spot ETFs experienced outflows, breaking a previous streak of consistent institutional demand, which may signal weakening confidence in these larger asset categories and could impact their future market performance.
Significance of Inflow Data: While the inflow for XRP is noted as the highest in six weeks, the predictive power of single-day inflow data is limited, and it does not confirm sustained demand, necessitating cautious interpretation of this signal by investors.
Future Market Monitoring: The upcoming trading sessions will clarify whether the XRP inflows represent a short-lived rotation or the beginning of a broader trend, while follow-up outflow data from Bitcoin and Ether will help assess changes in market sentiment.

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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 7 technical signals, shows that 4 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 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	0.857	0.933	1.012	1.088	1.166	1.242	1.321
Fibonacci	0.933	0.992	1.029	1.088	1.147	1.183	1.242

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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