XRP Spotlight 📉
XRP is trading near $1.06, down ~3.5% in 24h and ~17% this week — its lowest since August. RSI sits near 24, deep in oversold territory, but the trend stays bearish below all major moving averages.
Key levels: support $1.04–$1.00, resistance $1.10–$1.12. A hold above $1.00 is the line buyers must defend.
📰 US spot XRP ETFs saw $10.4M net outflows on Nov 9 — the biggest single-day outflow since March — with a second straight day of withdrawals. Meanwhile, XRP Ledger payment volume spiked 207% to 1.16B XRP on Monday, and Ripple's C2FO tie-up brings tokenized trade finance to the ledger.
Market context: Bitcoin holds near $73,800 (-1.1%) and Ethereum near $2,060 (-2.5%) as hot US CPI data lifts rate-hike fears across crypto.
Takeaway: oversold, but ETF flows — not the ledger — will decide the next move.
#XRP #BTC #ETH
XRP is trading near $1.06, down ~3.5% in 24h and ~17% this week — its lowest since August. RSI sits near 24, deep in oversold territory, but the trend stays bearish below all major moving averages.
Key levels: support $1.04–$1.00, resistance $1.10–$1.12. A hold above $1.00 is the line buyers must defend.
📰 US spot XRP ETFs saw $10.4M net outflows on Nov 9 — the biggest single-day outflow since March — with a second straight day of withdrawals. Meanwhile, XRP Ledger payment volume spiked 207% to 1.16B XRP on Monday, and Ripple's C2FO tie-up brings tokenized trade finance to the ledger.
Market context: Bitcoin holds near $73,800 (-1.1%) and Ethereum near $2,060 (-2.5%) as hot US CPI data lifts rate-hike fears across crypto.
Takeaway: oversold, but ETF flows — not the ledger — will decide the next move.
#XRP #BTC #ETH