$XRP XRP community, letโs talk! ๐ฃ๏ธ
XRP is trading around $1.30โ$1.33, about 20% below its September high near $1.60. The daily chart shows price under all four moving averages, with resistance around $1.40โ$1.45 and todayโs low at $1.29 as the nearest support.
But institutional demand is moving the other way:
๐ XRP ETFs drew $11.3M in the week ending Oct 9, their 13th straight week of inflows, while BTC, ETH and SOL ETFs all saw outflows. Cumulative inflows hit a record $1.80B (SoSoValue).
Price is weak while ETF demand holds. Which one matters more right now?
๐ข TEAM BULLS: Steady ETF inflows show long-term demand, and a recovery is possible.
๐ด TEAM BEARS: The chart is still weak. Sellers need to lose control first.
๐ก TEAM WAIT: No clear confirmation yet. Watching beats guessing.
My view: ETF flows and price donโt always move together, so I treat them as two separate signals.
๐ Choose your team and explain why. Keep it respectful and let the data speak.
Chart: XRP/USDT daily, Binance, Oct 16. Not financial advice. DYOR.
#XRP #Ripple #XRPArmy๐๐ #CryptoCommunity" ty #BinanceSquare
XRP is trading around $1.30โ$1.33, about 20% below its September high near $1.60. The daily chart shows price under all four moving averages, with resistance around $1.40โ$1.45 and todayโs low at $1.29 as the nearest support.
But institutional demand is moving the other way:
๐ XRP ETFs drew $11.3M in the week ending Oct 9, their 13th straight week of inflows, while BTC, ETH and SOL ETFs all saw outflows. Cumulative inflows hit a record $1.80B (SoSoValue).
Price is weak while ETF demand holds. Which one matters more right now?
๐ข TEAM BULLS: Steady ETF inflows show long-term demand, and a recovery is possible.
๐ด TEAM BEARS: The chart is still weak. Sellers need to lose control first.
๐ก TEAM WAIT: No clear confirmation yet. Watching beats guessing.
My view: ETF flows and price donโt always move together, so I treat them as two separate signals.
๐ Choose your team and explain why. Keep it respectful and let the data speak.
Chart: XRP/USDT daily, Binance, Oct 16. Not financial advice. DYOR.
#XRP #Ripple #XRPArmy๐๐ #CryptoCommunity" ty #BinanceSquare