XRP Risks 40% Dip Versus Bitcoin Despite Persistent ETF Inflows
Cointelegraph
XRP faces a potential 40% decline against Bitcoin due to a bearish descending triangle pattern, despite sustained institutional interest in XRP ETFs.Summary
Technical analysis of the XRP/BTC pair reveals a descending triangle breakdown, suggesting a potential 40% price decline toward 0.000011 BTC. While the technical outlook remains bearish, the asset's Relative Strength Index (RSI) is approaching oversold territory, which has historically preceded market bottoms. Simultaneously, XRP is benefiting from strong institutional sentiment, marked by nine consecutive days of net inflows into U.S.-based spot XRP ETFs, indicating that despite current price volatility, long-term accumulation remains resilient.
(Source：Cointelegraph)