#usspotxrpetfsseelargestweeklyoutflowin8months
U.S. XRP ETFs just set a record with $19.13 million in outflows last week, the highest in 8 months, pushing XRP below the $1 mark to $0.9947! 📉🥶
Institutional selling pressure, combined with the historical "curse" of November and December usually being in the red, has XRP holders on edge. The funds' net assets plunged 14%, mainly due to the sharp price drop. If support at $0.99 breaks, the price could slide to $0.93 or even $0.80. For a recovery, XRP needs to reclaim the $1.11 range.
What should traders do? Don't rush to "catch a falling knife" with high leverage, or you could end up stranded on an island celebrating Christmas early! Watch how price reacts at support, scale in your capital if you want to DCA, and set a very tight stop-loss.
This is not financial advice!
#XRP #CryptoETF #Ripple #CryptoNews #Altcoins #VINHTOCDO
Click the trade button below to support me: $AKE
$XRP
$BTC
U.S. XRP ETFs just set a record with $19.13 million in outflows last week, the highest in 8 months, pushing XRP below the $1 mark to $0.9947! 📉🥶
Institutional selling pressure, combined with the historical "curse" of November and December usually being in the red, has XRP holders on edge. The funds' net assets plunged 14%, mainly due to the sharp price drop. If support at $0.99 breaks, the price could slide to $0.93 or even $0.80. For a recovery, XRP needs to reclaim the $1.11 range.
What should traders do? Don't rush to "catch a falling knife" with high leverage, or you could end up stranded on an island celebrating Christmas early! Watch how price reacts at support, scale in your capital if you want to DCA, and set a very tight stop-loss.
This is not financial advice!
#XRP #CryptoETF #Ripple #CryptoNews #Altcoins #VINHTOCDO
Click the trade button below to support me: $AKE
$XRP
$BTC
