6.05 billion XRP moved onto exchanges in the last 30 days — a 7-month high.
And the buyer who used to absorb it just walked away: US spot XRP ETFs posted a -$1.84M week, ending a 13-week inflow streak. Friday's -$2.47M redemption came from a single fund — one concentrated exit, not a broad wave.
The tape bounced anyway: $1.335 (+2.4%/24h) off the $1.256–$1.270 double bottom. But October's ETF intake is just $10.25M against $121.4M in September — the institutional bid is on pause, not dead.
Levels:
Support: $1.256–$1.270
Resistance: $1.412–$1.430
My view: supply-overhang tape into the Oct 27–29 Swell event. If $1.256 holds, the streak's end reads as profit-taking. A 4h close under $1.256 says those 6.05B tokens are about to find out who the real bid is.
Save the zones — does the $1.256 floor survive into Swell with that much supply parked on exchanges? NFA. DYOR.
$XRP #XRP #CryptoNews #ETF #XRPArmy
And the buyer who used to absorb it just walked away: US spot XRP ETFs posted a -$1.84M week, ending a 13-week inflow streak. Friday's -$2.47M redemption came from a single fund — one concentrated exit, not a broad wave.
The tape bounced anyway: $1.335 (+2.4%/24h) off the $1.256–$1.270 double bottom. But October's ETF intake is just $10.25M against $121.4M in September — the institutional bid is on pause, not dead.
Levels:
Support: $1.256–$1.270
Resistance: $1.412–$1.430
My view: supply-overhang tape into the Oct 27–29 Swell event. If $1.256 holds, the streak's end reads as profit-taking. A 4h close under $1.256 says those 6.05B tokens are about to find out who the real bid is.
Save the zones — does the $1.256 floor survive into Swell with that much supply parked on exchanges? NFA. DYOR.
$XRP #XRP #CryptoNews #ETF #XRPArmy