$XRP U.S. spot XRP ETF weekly outflows hit an 8-month high 🔥
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🟢 $XRP U.S. spot XRP ETF weekly outflows hit an 8-month high; short-term outlook is bearish
⚠️ Technical analysis: XRP’s daily moving averages remain in a bearish alignment. The ADX is as high as 55.9, indicating a strong downtrend. The current price of 0.9637 is up 5.48% over 24 hours, but the 4-hour volume ratio is only 0.18, showing a clear decline in volume and insufficient momentum behind the rebound. The 1-hour chart has just shifted to a bullish alignment, but momentum remains weak. After the KDJ’s short-term K line crossed above D, it is nearing the overbought zone. Resistance at 1.3443 is a long way off, while support at 0.8922 remains at risk of being retested.
📢 Market update: U.S. spot XRP ETF weekly outflows have hit an 8-month high, reflecting strong institutional selling pressure and fearful market sentiment. ETFs, an important source of incremental capital, continue to see outflows, making it unlikely that significant funds will step in to support the market in the short term.
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#技术分析 #美国现货XRPETF周流出创8个月新高 #XRP
📌 When trading, pay attention to whether the candlestick patterns are aligned
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🟢 $XRP U.S. spot XRP ETF weekly outflows hit an 8-month high; short-term outlook is bearish
⚠️ Technical analysis: XRP’s daily moving averages remain in a bearish alignment. The ADX is as high as 55.9, indicating a strong downtrend. The current price of 0.9637 is up 5.48% over 24 hours, but the 4-hour volume ratio is only 0.18, showing a clear decline in volume and insufficient momentum behind the rebound. The 1-hour chart has just shifted to a bullish alignment, but momentum remains weak. After the KDJ’s short-term K line crossed above D, it is nearing the overbought zone. Resistance at 1.3443 is a long way off, while support at 0.8922 remains at risk of being retested.
📢 Market update: U.S. spot XRP ETF weekly outflows have hit an 8-month high, reflecting strong institutional selling pressure and fearful market sentiment. ETFs, an important source of incremental capital, continue to see outflows, making it unlikely that significant funds will step in to support the market in the short term.
════════════════════
🔔 Follow us for first-hand market updates 🔔
#技术分析 #美国现货XRPETF周流出创8个月新高 #XRP
📌 When trading, pay attention to whether the candlestick patterns are aligned
