Nasdaq listing, Standard Chartered custody, and 13 straight weeks of net inflows into ETFs—three bullish catalysts, yet $XRP fell 8% this week. Believe it? 🤔
I looked into it, and honestly, the findings sting a little:
· Evernorth holds about 473 million $XRP . The market had already priced in the listing, so once the news became official, it was time to sell.
· Standard Chartered is custodying Ripple’s stablecoin in Dubai. Its clients don’t need to buy $XRP at all.
· ETFs saw $11.31 million in net inflows last week, bringing cumulative inflows to around $1.8 billion. But total fund assets are about $1.57 billion, so investors who bought in are still sitting on losses.
The current price is around 1.37, and it’s been choppy in a narrow 1.35–1.39 range over the past 24 hours. Looking at the chart: the green line at 1.31 marks the lows of two wicks—on the 8th and yesterday. The red line at 1.45 marks the rebound high. I think price is just digesting things in between.
My take: the good news has already been front-run, and there’s no fresh short-term catalyst. If it breaks below 1.31 on strong volume, I’ll admit defeat and look toward 1.2. I’ll admit I’m wrong to be bearish only if it gets back above 1.45 and ETF inflows accelerate for several days in a row.
I’m leaning slightly bearish. Which side are you on? See you in the comments 👇
⚠️Just my personal ramblings—not investment advice.
#XRP #山寨币 #Ripple
$XRP
I looked into it, and honestly, the findings sting a little:
· Evernorth holds about 473 million $XRP . The market had already priced in the listing, so once the news became official, it was time to sell.
· Standard Chartered is custodying Ripple’s stablecoin in Dubai. Its clients don’t need to buy $XRP at all.
· ETFs saw $11.31 million in net inflows last week, bringing cumulative inflows to around $1.8 billion. But total fund assets are about $1.57 billion, so investors who bought in are still sitting on losses.
The current price is around 1.37, and it’s been choppy in a narrow 1.35–1.39 range over the past 24 hours. Looking at the chart: the green line at 1.31 marks the lows of two wicks—on the 8th and yesterday. The red line at 1.45 marks the rebound high. I think price is just digesting things in between.
My take: the good news has already been front-run, and there’s no fresh short-term catalyst. If it breaks below 1.31 on strong volume, I’ll admit defeat and look toward 1.2. I’ll admit I’m wrong to be bearish only if it gets back above 1.45 and ETF inflows accelerate for several days in a row.
I’m leaning slightly bearish. Which side are you on? See you in the comments 👇
⚠️Just my personal ramblings—not investment advice.
#XRP #山寨币 #Ripple
$XRP