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XRP ETF net assets cross $1.25 billion milestone, but price-action muted
Key Takeaways (30s Read)
XRP ETF inflows surpass $1.25 billion, but price action remains muted in the $1.85-$1.91 range.
XRP is currently trading within a range of $1.85 to $1.91. There is strong selling pressure near the $1.90 level and consistent buying around $1.86, indicating a potential critical price movement ahead. With the ETF assets surpassing $1.25 billion, interest from investors might increase, but the current sentiment remains cautious due to the prevailing selling pressure. Traders should monitor these key levels closely for potential breakouts.
AI Analyst
AI Opinion
"The surpassing of $1.25 billion in XRP ETF assets could attract more investor interest, yet the price action remains subdued at this delicate juncture. The $1.90 resistance should be closely watched—any breakout could trigger a bullish momentum. Conversely, maintaining support around $1.86 might lead to further upward movements. Investors need to stay vigilant in observing these price movements and adjust their strategies accordingly."
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