XRP Stalls Below $3 as New XRPR ETF Draws $30 Million in Three Days
A decisive close above $3.00 would resolve the tug-of-war between fresh ETF demand versus recent outflows.
Overview
- The REX‑Osprey XRPR ETF amassed more than $30 million in assets within three days despite a 0.75% expense ratio.
- XRP trades near $2.85–$2.90 with sellers active below $3.00 and support clustered around $2.85, $2.80, and $2.79.
- Charts highlight a bullish flag and a potential cup‑and‑handle while price holds above the 200‑day moving average, yet momentum has faded into the $2.95–$3.00 zone.
- Reports note roughly $68.63 million in recent outflows and liquidation pressure, tempering confidence following the ETF debut.
- Analysts say a sustained break over $2.97–$3.00 could confirm a continuation higher, whereas failure risks retests toward $2.79–$2.70 or even $2.58, with future approvals, retirement‑account access, and rate cuts cited as potential tailwinds.