ETFs Quietly Accumulate XRP ($1.56B) As Price Remains Trapped in Descending Channel

XRP is quietly accumulating under resistance even as price structure—not raw demand—continues to steer the market. Over the past session, Spot XRP ETFs added $10.63 million, bringing total ETF-held assets to $1.56 billion, a sign that institutional allocation is ongoing and likely long-term rather than speculative. That steady, repeatable buying—arriving even during a corrective phase—suggests institutions are comfortable accumulating while volatility remains muted. Still, the market hasn’t yet translated that demand into a decisive move; such a disconnect between flows and price often precedes a period of directional expansion. On the charts, XRP remains trapped in a clearly defined descending channel on the daily timeframe, keeping the broader structure corrective. The price recently bounced off the channel’s lower boundary, showing buyers defended that area, but sellers reasserted control near the upper channel zone. Until XRP reclaims that upper region, the bearish structural bias remains in place. Key technical levels to watch: demand around $2.05–$2.10, with layered resistance between $2.35 and $2.65. The RSI has recovered toward the midline—an indication of stabilizing momentum—but it’s not in overbought territory, which supports consolidation rather than a confirmed breakout. For any channel escape to be trusted, RSI will need to push decisively higher. On-chain and market-flow metrics back the accumulation narrative but reinforce the range-bound outlook. Spot exchanges saw net outflows of $7.41 million, indicating coins are leaving centralized venues—often a sign holders are shifting into custody and not preparing to sell immediately. With exchange balances shrinking, available liquidity tightens, which can reduce downside acceleration, even if it doesn’t automatically spark rallies. Meanwhile, XRP’s Network Value to Transactions (NVT) ratio rose 4.46% to 177.25, showing market value is outpacing on-chain transaction activity. Elevated NVT typically appears during consolidation phases; without an uptick in network usage, higher valuations may struggle to sustain themselves. Funding rates have also cooled sharply—down 43.13%—reflecting a meaningful reduction in leveraged positioning. That lowers liquidation risk and favors spot-driven moves over derivatives-fueled spikes, further supporting quieter, more balanced price action. Bottom line: flows point to ongoing accumulation—ETFs buying and coins leaving exchanges—but structural price constraints keep a sustained rally off the table for now. Momentum is stabilizing, leverage is retreating, and liquidity is tightening, yet the descending channel still governs direction. Traders should watch for a decisive reclaim of the channel’s upper area, rising RSI, and higher on-chain activity to confirm any true breakout. Sources: TradingView, CoinGlass, CryptoQuant. Not financial advice — do your own research before trading. Read more AI-generated news on: undefined/news