XRP Tests Crucial 2,20 $ Pivot After 164M $ ETF Debut Fails to Offset Liquidations
Traders should watch for ETF inflows and whale distributions to determine if the 2,20 $ support will hold.
•XRP experienced significant ETF inflows, indicating strong institutional interest despite a drop in derivatives leverage.
•The token's price is consolidating between 2,20 $ and 2,21 $, with a crucial resistance zone at 2,24 $-2,38 $.
•Traders should watch for ETF inflows and whale distributions to determine if the 2,20 $ support will hold.
XRP entered Tuesday’s session in a mixed macro environment defined by sharp derivatives unwinding and historic spot ETF momentum.
Franklin Templeton's XRPZ and Grayscale's GXRP saw a combined 164 millions $ in day-one inflows, marking one of the strongest altcoin ETF debuts in recent years and signaling aggressive institutional appetite for regulated XRP exposure.
Despite this, derivatives markets painted a different picture: Binance Open Interest plunged from 1,7 milliard $ to a 12-month low of 504 millions $, wiping out overleveraged long and short positions in one of the largest liquidation events since mid-2022.
Whale wallets added pressure by distributing roughly 180 millions XRP, aligning with broader risk-off flows across the crypto complex.
Technical Analysis
XRP’s structure weakened as the token broke through 2,24 $ and tested the 2,20 $ floor on heavy volume. The decisive 124,4M spike at 14:00 GMT signaled institutional sellers exiting positions rather than retail capitulation.
However, the broader technical formation remains intact: the right-angled ascending broadening wedge extending from the 2,00 $ base continues to hold, offering a larger macro projection toward the 4,50 $-7,00 $ range if XRP can reclaim the 2,38 $ resistance cluster.
Short-term momentum indicators show mixed signals. RSI holds neutral while MACD continues drifting sideways, consistent with a market in reaccumulation rather than collapse.
$XRP
Traders should watch for ETF inflows and whale distributions to determine if the 2,20 $ support will hold.
•XRP experienced significant ETF inflows, indicating strong institutional interest despite a drop in derivatives leverage.
•The token's price is consolidating between 2,20 $ and 2,21 $, with a crucial resistance zone at 2,24 $-2,38 $.
•Traders should watch for ETF inflows and whale distributions to determine if the 2,20 $ support will hold.
XRP entered Tuesday’s session in a mixed macro environment defined by sharp derivatives unwinding and historic spot ETF momentum.
Franklin Templeton's XRPZ and Grayscale's GXRP saw a combined 164 millions $ in day-one inflows, marking one of the strongest altcoin ETF debuts in recent years and signaling aggressive institutional appetite for regulated XRP exposure.
Despite this, derivatives markets painted a different picture: Binance Open Interest plunged from 1,7 milliard $ to a 12-month low of 504 millions $, wiping out overleveraged long and short positions in one of the largest liquidation events since mid-2022.
Whale wallets added pressure by distributing roughly 180 millions XRP, aligning with broader risk-off flows across the crypto complex.
Technical Analysis
XRP’s structure weakened as the token broke through 2,24 $ and tested the 2,20 $ floor on heavy volume. The decisive 124,4M spike at 14:00 GMT signaled institutional sellers exiting positions rather than retail capitulation.
However, the broader technical formation remains intact: the right-angled ascending broadening wedge extending from the 2,00 $ base continues to hold, offering a larger macro projection toward the 4,50 $-7,00 $ range if XRP can reclaim the 2,38 $ resistance cluster.
Short-term momentum indicators show mixed signals. RSI holds neutral while MACD continues drifting sideways, consistent with a market in reaccumulation rather than collapse.
$XRP