XRP's three-day rally has no institutional money in it.
$XRP is up three straight sessions, +2.7% near $1.32. Its spot ETFs? Zero flows two days, a $530K outflow Monday. $BTC ETFs took in $74.6M; ETH ended its 7-day outflow streak with $53M. The money came back. It skipped XRP.
Three checks before the US open:
1. The ETF print tonight. $74.6M covers only 17% of November's $439.6M BTC ETF outflow. One green day is noise. Two is a trend.
2. IBIT's bleed. The flagship lost $201M on a green day; others absorbed $275.6M, 3.7x the net, to offset it. Rotation, not new demand.
3. Squeeze fuel. $975M liquidated in 24 hours, 59% shorts. Forced buybacks fade fast. $BNB, +2.1% on the majors' lightest volume, shows no engine.
My stance: waiting. I don't chase rallies the ETFs refuse to fund. If XRP ETFs log two inflow days tonight, I'm wrong and I'd drop the squeeze read.
Data as of today. Not financial advice.
What funds the next leg: ETF follow-through, or another short squeeze?
$XRP $BTC $BNB #XRP #Crypto #BinanceSquare #Altcoins
$XRP is up three straight sessions, +2.7% near $1.32. Its spot ETFs? Zero flows two days, a $530K outflow Monday. $BTC ETFs took in $74.6M; ETH ended its 7-day outflow streak with $53M. The money came back. It skipped XRP.
Three checks before the US open:
1. The ETF print tonight. $74.6M covers only 17% of November's $439.6M BTC ETF outflow. One green day is noise. Two is a trend.
2. IBIT's bleed. The flagship lost $201M on a green day; others absorbed $275.6M, 3.7x the net, to offset it. Rotation, not new demand.
3. Squeeze fuel. $975M liquidated in 24 hours, 59% shorts. Forced buybacks fade fast. $BNB, +2.1% on the majors' lightest volume, shows no engine.
My stance: waiting. I don't chase rallies the ETFs refuse to fund. If XRP ETFs log two inflow days tonight, I'm wrong and I'd drop the squeeze read.
Data as of today. Not financial advice.
What funds the next leg: ETF follow-through, or another short squeeze?
$XRP $BTC $BNB #XRP #Crypto #BinanceSquare #Altcoins
