XRP Price Prediction: Bulls Defend $1.37 Support Despite Rising ETF Outflows
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- XRP consolidates at $1.3649 within a descending channel; volume collapsed 15.92% to $3.05B and open interest fell 2.61% to $2.30B, signaling reduced derivatives participation and weaker market liquidity in crypto markets. - Institutional pressure persists: $16.62M ETF outflows on March 6 (cumulative ETF flows $1.24B) extend selling—an ascending wedge near the apex suggests a possible technical breakout but funding flows and sentiment remain negative for token performance and market impact (ETF, derivatives, institutional selling).
- XRP consolidates at $1.3649 within descending channel (purple shaded area) as open interest drops 2.61% to $2.30 billion.
- $16.62M in ETF outflows on March 6 extend institutional selling, with cumulative flows holding at $1.24 billion.
- Volume collapses 15.92% to $3.05 billion while ascending wedge formation suggests potential breakout near apex.
XRP price today trades near $1.3649, down 0.17% after consolidating within a descending channel that has guided price lower since mid-February. The move places buyers and sellers in equilibrium as ETF outflows extend and derivatives positioning contracts.
Open Interest Drops 2.61% As ETF Outflows Hit $16.62M
Open interest declined 2.61% to $2.30 billion while volume collapsed 15.92% to $3.05 billion, signaling reduced participation as price consolidates. The long/short ra…
Read The Full Article XRP Price Prediction: Bulls Defend $1.37 Support Despite Rising ETF Outflows On Coin Edition.
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XRP Price Prediction: Bulls Defend $1.37 Support Despite Rising ETF Outflows
Share:
- XRP consolidates at $1.3649 within a descending channel; volume collapsed 15.92% to $3.05B and open interest fell 2.61% to $2.30B, signaling reduced derivatives participation and weaker market liquidity in crypto markets. - Institutional pressure persists: $16.62M ETF outflows on March 6 (cumulative ETF flows $1.24B) extend selling—an ascending wedge near the apex suggests a possible technical breakout but funding flows and sentiment remain negative for token performance and market impact (ETF, derivatives, institutional selling).
- XRP consolidates at $1.3649 within descending channel (purple shaded area) as open interest drops 2.61% to $2.30 billion.
- $16.62M in ETF outflows on March 6 extend institutional selling, with cumulative flows holding at $1.24 billion.
- Volume collapses 15.92% to $3.05 billion while ascending wedge formation suggests potential breakout near apex.
XRP price today trades near $1.3649, down 0.17% after consolidating within a descending channel that has guided price lower since mid-February. The move places buyers and sellers in equilibrium as ETF outflows extend and derivatives positioning contracts.
Open Interest Drops 2.61% As ETF Outflows Hit $16.62M
Open interest declined 2.61% to $2.30 billion while volume collapsed 15.92% to $3.05 billion, signaling reduced participation as price consolidates. The long/short ra…
Read The Full Article XRP Price Prediction: Bulls Defend $1.37 Support Despite Rising ETF Outflows On Coin Edition.
In This News
Coins
$ 1.35
-1.00%Share:
In This News
Coins
$ 1.35
-1.00%Share:
Read More
Bitcoin Price Prediction: Bulls Defend $67K As Macro Pressure Offsets $787M ETF Inflows