Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
XRP price has struggled to regain momentum in recent weeks, with several failed recovery attempts deepening the downward pressure. The symbol remains in a downtrend, reflecting hesitation in the broader cryptocurrency market.
Despite this weakness, XRP funds continue to attract capital, suggesting that institutional demand remains resilient.
Demand for XRP ETFs remains strong
Losses among XRP holders have increased continuously, adding pressure to the near-term price action. Net unrealized gains and losses data show unrealized gains fell to a year low. Investors who bought XRP above $1.86 now bear losses, while only those who entered below this level remain in profits.
Sponsored
Sponsored
This change raises concerns about the behavior of long-term carriers. You might think Addresses that contain XRP For more than a year he sells to secure the remaining profits. If profit-taking among these holders accelerates, selling pressure could intensify and further weigh on XRP price stability.
XRP ETFs remain the strongest macro support for the asset. Since launching six weeks ago, the funds have not recorded a single day of net flows. This consistency stands out amid broader market uncertainty and declining activity in the spot cryptocurrency market.
The momentum continued in week seven. On the trading day before Christmas, XRP ETFs recorded flows of $11.93 million. This data indicates that institutional investors Maintain confidence in the long-term outlook for XRP even with weak individual morale and restricted price movement.
The downward trend in the XRP price continues
XRP is trading near $1.86 at the time of writing, remaining just above the $1.85 support level. The price remains trapped below a downward trend line that has been in place for more than six weeks. Repeated failures to break this structure have reinforced negative sentiment among short-term traders.
A breakout seems unlikely under current circumstances. The direction of the market is still unclear, and the growing losses increase the risk of additional sales. ETF flows can help stabilize the price, That can hold XRP Above $1.79 support. A break below this level could extend the downtrend towards $1.70.
However, changes in broader market conditions may change the outlook. An improved feeling can allow the risk to increase XRP From $1.85. A decisive move above the descending trend line will target $1.94. Passing this level can open a path towards $2.00, eliminating the negative hypothesis.
