🚨 Violent swings and hit-and-run action on chart $XRP ! The whales are holding strong, while panic crowds the markets 💥🐋
🟢 Institutional flow “missiles”: Buyers are fighting to take control; the XRP ETF fund from Canary recorded additional net inflows of $3.96 million, bringing the total spot XRP fund inflows to $1.79 billion to support sustained demand. This comes alongside expectations of the upcoming institutional expansion as the next vote on listing XRPN on the Nasdaq approaches, backed by the SBI Group and Cointin Capital, with the price rising on strong trading volumes totaling 139 million USDT.
🔴 The nightmare of breakouts and overbought conditions: Meanwhile, the bears are taking advantage of the situation aggressively; a security exploit targeting wallets and withdrawing more than 12.4 million XRP from old D'CENT wallets has created local selling pressure as the attackers swapped the assets. Also, the RSI (Relative Strength Index) reaching extreme levels at 83 during the recent surge led to a sharp correction, alongside the ongoing friction caused by regulatory delays to the U.S. Clarity Act.
📌 Summary:
Combining strict technical indicators with sell-pressure stemming from wallet exploitation has set a strong ceiling on the near-term rise, making the current movement swing cautiously between support and resistance.
#xrp #Xrp🔥🔥 #Ripple
$XRP
🟢 Institutional flow “missiles”: Buyers are fighting to take control; the XRP ETF fund from Canary recorded additional net inflows of $3.96 million, bringing the total spot XRP fund inflows to $1.79 billion to support sustained demand. This comes alongside expectations of the upcoming institutional expansion as the next vote on listing XRPN on the Nasdaq approaches, backed by the SBI Group and Cointin Capital, with the price rising on strong trading volumes totaling 139 million USDT.
🔴 The nightmare of breakouts and overbought conditions: Meanwhile, the bears are taking advantage of the situation aggressively; a security exploit targeting wallets and withdrawing more than 12.4 million XRP from old D'CENT wallets has created local selling pressure as the attackers swapped the assets. Also, the RSI (Relative Strength Index) reaching extreme levels at 83 during the recent surge led to a sharp correction, alongside the ongoing friction caused by regulatory delays to the U.S. Clarity Act.
📌 Summary:
Combining strict technical indicators with sell-pressure stemming from wallet exploitation has set a strong ceiling on the near-term rise, making the current movement swing cautiously between support and resistance.
#xrp #Xrp🔥🔥 #Ripple
$XRP
