\n\t\t\t\t\t\t\t\t\tXRP is at risk of tumbling under $0.90, one analyst claimed. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s cross-border token has enjoyed robust institutional demand, standing in stark contrast to spot BTC and ETH ETFs, which have been suffering heavy outflows lately.<\/p>\n
However, that trend appears to have reversed over the past few days, putting XRP at risk of falling below the psychological $1 barrier.<\/p>\n
First Time Since March<\/h2>\n
It was last November that Canary Capital launched<\/a> the first spot XRP ETF in the US, with 100% exposure to the asset. Bitwise, Franklin Templeton, 21Shares, and Grayscale then followed suit, and since day 1, these products have generated a cumulative total net inflow of almost $1.5 billion.<\/p>\n Interest in the ETFs has remained solid even during the bear market that ultimately impacted Ripple\u2019s native token. In the past two days, though, outflows have exceeded inflows, marking the first pair of consecutive days since March.<\/p>\n This development suggests that pension funds, hedge funds, and other conservative investors have reduced their exposure to XRP, prompting issuers of these products to sell holdings and further putting downward pressure on the token.<\/p>\n A few days ago, the asset\u2019s price fell to nearly $1, and many feared that the bears would gain full control and suppress it below that crucial zone for the first time since late 2024.\u00a0The bulls, though, stepped in and reclaimed some of the lost ground, and currently XRP trades at around $1.11 (per CoinGecko).<\/p>\n X user Diana remains cautious and predicted<\/a> a potential downfall to as low as $0.87 if the asset breaks under $1.08 again. On the other hand, staying above that zone could pave the way for an increase to $1,30, she added.<\/p>\n Despite recent ETF outflows, some factors suggest an upcoming upswing is more likely. The amount of XRP stored on Binance, for instance, recently dropped to a four-month low, resulting in reduced selling pressure.<\/p>\n Meanwhile, the popular analyst Ali Martinez revealed<\/a> that the Tom DeMark (TD) Sequential Indicator (on a monthly scale) has flashed a buy signal on XRP (as well as other cryptocurrencies, including BTC, ETH, and SOL).<\/p>\n \u201cOn high-timeframe charts like the monthly, these trend-exhaustion setups carry significant weight. Historically, when multiple assets lock in concurrent monthly buy signals, it indicates seller fatigue and a high probability of a long-term market bottom,\u201d he explained.<\/p>\n<\/blockquote>\nYou may also like:<\/h3>\n
The Bullish Signals<\/h2>\n
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