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4d ago

XRP Holds Key Support as ETF Assets Near $915 Million, Traders Focus on $2.20–$2.30 Pivot

Short‑tilted futures positioning raises the odds of a squeeze or a drop if price fails at the nearby technical pivot.

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U.S. sport XRP ETFs have recorded only inflows since their launch.
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Altcoin bottom in as a Bitcoin bounce beyond $100k appears to be brewing

Overview

  • XRP trades around $2.10–$2.20 after a Thursday pullback, maintaining a multi‑month demand zone near $1.90–$2.10.
  • US spot XRP ETFs increased aggregate assets to about $915 million following new purchases, extending a recent streak of net inflows.
  • Technicians cite $2.204 as the immediate pivot with $2.22 and then $2.28–$2.30 as overhead resistance, with a break opening a path toward $2.33–$2.40 and potentially higher levels.
  • Futures funding remains negative and open interest has fallen to roughly $3.8 billion from $8.6 billion, indicating a short‑heavy market that is vulnerable to a sharp move.
  • On‑chain data point to whale accumulation and declining exchange balances, while Fed‑cut expectations and Bitcoin/Ether price action continue to shape near‑term direction.