XRP Risks 50% Dip to $0.65 Despite Persistent ETF Inflows
Cointelegraph
XRP faces a potential 50% price drop due to a bearish chart pattern, despite continued institutional investment inflows.Summary
XRP is experiencing significant technical pressure, with a bear pennant pattern on the three-day chart signaling a possible 52.5% decline toward $0.65. Analysts highlight indicators like a stochastic RSI death cross and a break below key support levels as contributors to this bearish momentum. Despite these technical challenges, institutional sentiment remains robust, evidenced by nine consecutive days of net inflows into XRP spot ETFs, which have helped push cumulative inflows toward $1.4 billion.
(Source：Cointelegraph)