XRP sinks below $2 despite $1B in ETF inflows: How low can price go?

💡 DMK Insight

XRP’s recent ETF inflows are impressive, but the price action tells a different story. Despite 20 days of inflows, XRP’s failure to hold above key support levels has traders on edge. The drop to $1.89 raises concerns about a potential slide to $1.40, a level that could trigger further selling pressure. This situation is a classic case of bullish sentiment clashing with bearish price action, and it highlights the importance of technical analysis in crypto trading. If XRP can’t reclaim the $2.00 mark soon, we might see a rush for the exits, especially from retail traders who often react to price movements rather than fundamentals. Keep an eye on the daily chart for signs of reversal or continued weakness. If XRP breaks below $1.70, it could accelerate the downward trend, impacting related assets like altcoins that often follow XRP’s lead. Watch for volume spikes or changes in ETF inflow trends as indicators of potential reversals or further declines.