XRP ETF Inflows Drop 96% Since Launch: Can Standard Chartered's $8 Billion Forecast Materialize?
📊 XRP — Piyasa Yorumu
▼ down · 60%The sharp decline in XRP ETF inflows indicates that institutional demand has fallen well below expectations, which could exert pressure on the price in the short term. Technical indicators support this outlook, with the RSI at 39 in the weak zone and the MACD trading negatively below the signal line. The price is also trading below both the 20-day and 50-day moving averages, suggesting that the current downtrend may continue. However, the fact that the news is based on historical data and the possibility that the market has largely priced in this news limits the confidence in a bearish outlook. Nevertheless, with no signs of a recovery in the short term, a sideways-to-negative trajectory appears more likely.