In the past three trading days, XRP has continued to face pressure. The price repeatedly encountered resistance around the $2.35 level near the 200-day moving average, with bearish forces clearly dominating. Interestingly, last Friday, XRP was the top performer among major cryptocurrencies, surging over +10.5% in a single day, but this rally ultimately failed to sustain, with the bulls pulling back after a sharp rise.
From a technical perspective, the key support level is at $1.95, which is an important support below. More noteworthy is the change in market sentiment—XRP spot ETF experienced its first net outflow, a signal that usually indicates cooling market enthusiasm and a more cautious attitude among institutional investors. In the short term, whether XRP can hold this support level will directly determine its subsequent trend.
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ChainWatcher
· 01-10 19:52
It's the same old pattern, dump on Friday, then slam it back up. I just don't understand what XRP is trying to do this time.
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PensionDestroyer
· 01-10 12:57
Trying to fake out again, huh?
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OnchainDetective
· 01-10 12:55
Wait, I need to carefully examine the timing of this ETF net outflow... Was the +10.5% last Friday just to attract accumulation? According to on-chain data, this pattern of immediate pullback after a surge is typical, with obvious fund correlation. If the $1.95 support level is broken, we should track the destination of large transfers.
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StableGeniusDegen
· 01-10 12:52
Once again, unpredictable fluctuations. If you can't hold at 1.95, just wait for it to break below.
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TokenVelocity
· 01-10 12:35
It dropped again, XRP is really disappointing this time
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$1.95 can't hold, and we might have to cut losses. ETF net outflows are already a warning sign
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Last Friday's 10% increase was just a trap, and now it's all back, haha
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Institutions have already left, retail investors are still here catching the bag, it's pointless
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Why does it always surge and then fall back? So frustrating
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If it can't break $2.35 again, we really need to reevaluate this coin
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What does ETF outflow mean? It just means nobody is optimistic about it
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Feels like it's going to break below 1.95. Are you guys ready?
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This isn't a rebound this time, it really feels weak
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With such fierce bears, don't expect a turnaround in the short term
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AlphaLeaker
· 01-10 12:34
It's the same trick again. The rally on Friday was actually a bull trap to lure in shorts. If we can't hold 1.95, we're doomed.
In the past three trading days, XRP has continued to face pressure. The price repeatedly encountered resistance around the $2.35 level near the 200-day moving average, with bearish forces clearly dominating. Interestingly, last Friday, XRP was the top performer among major cryptocurrencies, surging over +10.5% in a single day, but this rally ultimately failed to sustain, with the bulls pulling back after a sharp rise.
From a technical perspective, the key support level is at $1.95, which is an important support below. More noteworthy is the change in market sentiment—XRP spot ETF experienced its first net outflow, a signal that usually indicates cooling market enthusiasm and a more cautious attitude among institutional investors. In the short term, whether XRP can hold this support level will directly determine its subsequent trend.