XRP Price Caught Between $231M Whale Selling and ETF Inflows

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XRP price faces two conflicting signals: on one side, whales withdrew 231 million XRP from Binance in a single day this week, worth $330 to $335 million, their largest such move in six months, and transferred nearly 1.45 billion XRP to Binance over the trailing 30 days; on the other side, seven U.S. spot XRP ETFs have attracted $1.55 billion in cumulative inflows, with August alone doubling July’s pace. XRP is currently trading in a range of $1.40 to $1.45, with support near $1.40 and a deeper floor around $1.33-$1.36 based on Fibonacci retracement levels, while resistance sits at $1.50-$1.55. The RSI(14) near 25 signals an oversold condition, but XRP’s market cap remains above $80 billion, limiting short-term multiple growth prospects.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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