Over the past three trading days, XRP's price action has remained under pressure. The price has been repeatedly obstructed near the 200-day moving average around $2.35, with bearish forces clearly in the upper hand. Interestingly, XRP posted the most eye-catching gains among major cryptocurrencies last Friday, surging +10.5% in a single day, but this uptrend ultimately failed to sustain as bulls pulled back from the highs.
From a technical perspective, the key support level is at $1.95, which represents an important floor below. More notably, there are signs of shifting fund flows—XRP spot ETF saw its first net outflow, a signal that typically suggests cooling market sentiment and a more cautious stance from institutional investors. In the short term, whether XRP can hold above this support level will directly determine the subsequent direction.
Over the past three trading days, XRP's price action has remained under pressure. The price has been repeatedly obstructed near the 200-day moving average around $2.35, with bearish forces clearly in the upper hand. Interestingly, XRP posted the most eye-catching gains among major cryptocurrencies last Friday, surging +10.5% in a single day, but this uptrend ultimately failed to sustain as bulls pulled back from the highs.
From a technical perspective, the key support level is at $1.95, which represents an important floor below. More notably, there are signs of shifting fund flows—XRP spot ETF saw its first net outflow, a signal that typically suggests cooling market sentiment and a more cautious stance from institutional investors. In the short term, whether XRP can hold above this support level will directly determine the subsequent direction.