- XRP Price Analysis
- XRP ETFs record 30 consecutive days of inflows
Selling pressure on XRP has persisted despite expectations of an ETF-driven rally, according to new analysis from CryptoQuant analyst PelinayPA.
Using data from CryptoQuant, PelinayPA examined Binance’s inflow value band chart and found that the most recent inflows are concentrated in the ranges of 100,000 to 1 million XRP and over 1 million XRP. These inflows are typically associated with large holders rather than retail participants, indicating that whales are actively transferring tokens to exchanges.
Large inflows to Binance are commonly interpreted as preparation for a sale. The analyst noted that after each major inflow spike, the XRP price has formed a series of lower highs and lower lows, indicating that supply continues to exceed demand due to the absence of strong new spot buyers.
While whales are not aggressively dumping, the steady increase in available supply has been enough to maintain downward pressure on prices.
XRP Price Analysis
Based on the relationship between entries and price action, the first major support zone is identified between $1.82 and $1.87, where brief stabilization and limited retail buying appeared previously. If large capital inflows persist, the analysis suggests a possible decline towards the $1.50 to $1.66 range.
PelinayPA concluded that the current chart structure does not indicate preparation for a rally. In theory, progress towards an XRP ETF was expected to boost institutional spot demand.
Instead, the data shows elevated foreign exchange inflows, suggesting that whales who accumulated earlier in anticipation of the ETF narrative used approval expectations as an opportunity to sell off retail demand.
As a result, XRP continues to face selling pressure near the $1.95 level. The analyst warned that expecting a sustained bullish move before currency inflows taper off would be unrealistic under current conditions.
XRP ETFs record 30 consecutive days of inflows
XRP ETF have recorded An impressive run of entries, and Ripple CEO Brad Garlinghouse has taken note of this fact. The collective group of XRP exchange-traded funds has recorded positive net inflows for 30 consecutive trading sessions.
Canary Capital launched the first US XRP spot ETF. It debuted with record first-day volume for a non-Ethereum altcoin ETF, quickly attracting nearly $250 million.
Following Canary’s success, other major broadcasters moved in quick succession to capture market share. These include Franklin Templeton (XRPZ), Bitwise XRP ETF (XRP), and Grayscale XRP ETF (GXRP). There are also other releases in the pipeline.
