XRP slips amid price consolidating below major resistance#CryptoNewss
$XRP
$WIF
$LSK
#MarketMoves XRP (XRP) is trading at $1.2981, down 7.94% for the session. The asset is currently positioned below its key short- and medium-term moving averages, but remains above its longer-term average.
ETF inflow prospects shift as SEC permits in-kind creations
The SEC approved in-kind creations for spot XRP ETFs, allowing direct onchain XRP transfers to custodians for share creation or redemption.
Developers fixed 11 bugs ahead of the XRP Ledger’s Batch V1.1 upgrade, now pending one validator vote for activation.
XRP trades below key short- and medium-term moving averages with most technical indicators bearish; the forecast range is $1.2461 to $1.3498 over the next 2 to 3 days.
ETF inflow prospects shift as SEC permits in-kind creations
The SEC has approved in-kind creations for spot XRP ETFs, allowing institutional participants to create or redeem ETF shares using XRP transferred directly onchain to the trust’s custodian, according to Coin Turk. This regulatory action adjusts the mechanics for institutional inflows and may lead to increased onchain XRP holdings within ETF custodial accounts. Separately, developers have remedied 11 software bugs in preparation for the XRP Ledger’s Batch V1.1 protocol upgrade, though this upgrade remains one validator vote away from activation, as reported by Crypto.
Momentum tilts bearish as XRP tests major moving average boundaries
On the technical front, XRP is situated below the MA-20 and MA-50 on the h1 chart, while maintaining a position above the MA-200 on the daily timeframe. The Ichimoku Kijun level at $1.3625 marks immediate resistance. Momentum signals are mostly negative, with MACD registering a Strong Sell and ADX also providing a Sell signal. RSI is oversold at 35.54, and CCI aligns on a Sell, while Stochastic RSI is Neutral. Bull/Bear Power continues to indicate seller dominance. The Awesome Oscillator remains neutral and does not contribute to directional bias.
$XRP
$WIF
$LSK
#MarketMoves XRP (XRP) is trading at $1.2981, down 7.94% for the session. The asset is currently positioned below its key short- and medium-term moving averages, but remains above its longer-term average.
ETF inflow prospects shift as SEC permits in-kind creations
The SEC approved in-kind creations for spot XRP ETFs, allowing direct onchain XRP transfers to custodians for share creation or redemption.
Developers fixed 11 bugs ahead of the XRP Ledger’s Batch V1.1 upgrade, now pending one validator vote for activation.
XRP trades below key short- and medium-term moving averages with most technical indicators bearish; the forecast range is $1.2461 to $1.3498 over the next 2 to 3 days.
ETF inflow prospects shift as SEC permits in-kind creations
The SEC has approved in-kind creations for spot XRP ETFs, allowing institutional participants to create or redeem ETF shares using XRP transferred directly onchain to the trust’s custodian, according to Coin Turk. This regulatory action adjusts the mechanics for institutional inflows and may lead to increased onchain XRP holdings within ETF custodial accounts. Separately, developers have remedied 11 software bugs in preparation for the XRP Ledger’s Batch V1.1 protocol upgrade, though this upgrade remains one validator vote away from activation, as reported by Crypto.
Momentum tilts bearish as XRP tests major moving average boundaries
On the technical front, XRP is situated below the MA-20 and MA-50 on the h1 chart, while maintaining a position above the MA-200 on the daily timeframe. The Ichimoku Kijun level at $1.3625 marks immediate resistance. Momentum signals are mostly negative, with MACD registering a Strong Sell and ADX also providing a Sell signal. RSI is oversold at 35.54, and CCI aligns on a Sell, while Stochastic RSI is Neutral. Bull/Bear Power continues to indicate seller dominance. The Awesome Oscillator remains neutral and does not contribute to directional bias.
