XRP price holds $1.30 – Can bulls overcome whale selling pressure?

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XRP is trading at $1.33, holding above the $1.30 support after gaining 2% in 24 hours. Daily trading volume dropped by 34%. Net-long positions cluster around $1.40, totaling approximately $5 million, while net-short positions reach $22 million at $1.50. Regarding U.S. XRP ETFs, Franklin bought $3.64 million worth of XRP while Bitwise sold $3.75 million, resulting in a net outflow of $104,510 over the day. Whale inflows to Binance reached 1.669 billion XRP over 30 days, their highest level in seven months, which could exert additional selling pressure.

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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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