XRP is hovering around 1.002 right now, grinding all day right against the integer level of 1.
Today the news flow for this coin is genuinely lively—Goldman has been disclosed to hold about $150 million worth of XRP ETF exposure, Wells Fargo has also reportedly entered the picture, and there are even reports that Trump may attend a meeting in the White House with crypto CEOs, with Garlinghouse also there. Positive developments are coming one after another, and the sentiment score is pushed above 7.
But the market simply isn’t buying it. Over the past three hours, spot capital inflows have produced 12 consecutive red flags with none positive; the window’s cumulative net outflow is over $200 million, and large orders are being pulled back as well. Sell orders dominate on the active side of execution, and on both sides of the spot futures market, selling pressure is in control. Open interest is up 6% in a day, yet the price hasn’t moved at all—this combination looks more like shorts adding positions rather than longs stepping in. The price is still below the 10-day, 50-day, and 200-day moving averages; over the week, it’s actually down by close to 2%.
As for a rebound, technically it’s arguably oversold—RSI and MFI have both hit the floor, and volatility is running hot, so a spike could happen at any moment. But a rebound is a rebound; until capital flows back in, I don’t think it can directly play out as a full-on reversal.
So at this level my stance is very straightforward: good news blasting nonstop doesn’t automatically mean buy pressure has arrived. Chasing longs here has very poor cost-effectiveness. If you want to get involved, wait for spot capital flows to turn positive and for the price to reclaim the moving averages first—otherwise, just watch from the sidelines.
#xrp $XRP
Today the news flow for this coin is genuinely lively—Goldman has been disclosed to hold about $150 million worth of XRP ETF exposure, Wells Fargo has also reportedly entered the picture, and there are even reports that Trump may attend a meeting in the White House with crypto CEOs, with Garlinghouse also there. Positive developments are coming one after another, and the sentiment score is pushed above 7.
But the market simply isn’t buying it. Over the past three hours, spot capital inflows have produced 12 consecutive red flags with none positive; the window’s cumulative net outflow is over $200 million, and large orders are being pulled back as well. Sell orders dominate on the active side of execution, and on both sides of the spot futures market, selling pressure is in control. Open interest is up 6% in a day, yet the price hasn’t moved at all—this combination looks more like shorts adding positions rather than longs stepping in. The price is still below the 10-day, 50-day, and 200-day moving averages; over the week, it’s actually down by close to 2%.
As for a rebound, technically it’s arguably oversold—RSI and MFI have both hit the floor, and volatility is running hot, so a spike could happen at any moment. But a rebound is a rebound; until capital flows back in, I don’t think it can directly play out as a full-on reversal.
So at this level my stance is very straightforward: good news blasting nonstop doesn’t automatically mean buy pressure has arrived. Chasing longs here has very poor cost-effectiveness. If you want to get involved, wait for spot capital flows to turn positive and for the price to reclaim the moving averages first—otherwise, just watch from the sidelines.
#xrp $XRP