XRPThe price fell below the $2.20 level and approached a critical support zone after the “death cross” signal increased the selling pressure. While the large amount of XRP withdrawal from stock markets in recent weeks indicates that long-term investors are continuing the consolidation process, short-term indicators show that the downward trend is still strong.
ETF Inflows Strong But Spot Demand Weak
Franklin Templeton XRPZ and Grayscale GXRP Its ETFs attracted net inflows for three consecutive days, suggesting continued institutional interest. However, during the same period, Binance’s reserves dropped to 2.7 billion XRP, the lowest level in the last year. Although the withdrawal of approximately 300 million XRPs from the stock market since October strengthens the market’s long-term retention tendency, spot demand is not at a level to balance this accumulation. Position closing movements and risk aversion in derivative markets cause sales pressure to increase again in the short term.
From a technical perspective, the retreat, which started at $ 2.22, became clear at $ 2.18, showing that the resistance in the range of $ 2.23-2.24 was strongly maintained. The price has been moving within the falling channel for the last two weeks. RSI While the indicator remains below the midline with each upward attempt, MACD continues to deepen in negative territory. The slope of the 50-day average has gained downward momentum; Historical data reveals that this structure often accelerates short-term declines.
Critical Zone $2.17–2.18 Range
If XRP cannot maintain the support in the $ 2.17–2.18 range, the $ 2.08 and $ 1.90 levels pointed out by analysts may come to the fore. This zone is seen as the boundary of the transition from a normal correction to a deep pullback. In order for the price to gain momentum again, first $ 2.20 and then the $ 2.23-2.24 band must be broken with an increase in volume. Otherwise, any recovery may remain just a technical reaction.
in the past death cross The formations show that the downside risk remains high unless the price rises above the 50-day average. However, the continuation of ETF flows and the decrease in stock exchange reserves indicate that the market has gained structural strength in the medium term. However, in the short term, the trend is still in favor of sellers.
