XRP Has Lost the $1 Level. Is This a Warning Sign for Bulls?
XRP recently dropped to around $0.89, reaching its lowest level since November 2024.
But there's another development worth watching.
U.S. spot XRP ETFs recorded approximately $19.13 million in weekly net outflows, their largest weekly withdrawals in around eight months.
Three important signals:
1. XRP has struggled to maintain the $1 psychological level.
2. ETF outflows suggest institutional demand has weakened.
3. A sustained recovery above $1 would be an important development to watch.
The key question now is whether buyers will step in or continue waiting for stronger market conditions.
Are you still bullish on XRP, or has your outlook changed?
$XRP
XRP recently dropped to around $0.89, reaching its lowest level since November 2024.
But there's another development worth watching.
U.S. spot XRP ETFs recorded approximately $19.13 million in weekly net outflows, their largest weekly withdrawals in around eight months.
Three important signals:
1. XRP has struggled to maintain the $1 psychological level.
2. ETF outflows suggest institutional demand has weakened.
3. A sustained recovery above $1 would be an important development to watch.
The key question now is whether buyers will step in or continue waiting for stronger market conditions.
Are you still bullish on XRP, or has your outlook changed?
$XRP
