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via Cointelegraph · By Cointelegraph Staff

XRP Risks 50% Dip to $0.65 Despite Persistent ETF Inflows

XRP

XRP/USDT

$1.423

+1.27%

$1.423

+1.27%

(24s)

24h Volume

$1,228,283,607.46

24h H/L

$1.4327 / $1.4012

Change: $0.0315 (2.25%)

Long/Short

74.0%

Long: 74.0%Short: 26.0%

Funding Rate

+0.0024%

Longs pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.4201

▲ 0.55%

Volume (24h): -

Resistance Levels

Resistance 3$1.6185

Resistance 2$1.5472

Resistance 1$1.4461

Price$1.4201

Support 1$1.3872

Support 2$1.3098

Support 3$1.1936

Pivot (PP):$1.4114

Trend:Sideways

RSI (14):61.8

Cointelegraph Staff

(04:20 PM UTC)

1 min read

Updated byEmily Watson

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XRP (XRP) has fallen 12% over the last five days, and the confirmation of a bearish pattern now points to the risk of more losses ahead.

Key takeaways:

XRP/USD’s bear pennant pattern on the three-day chart points to a possible 52.5% drop toward $0.65.
Persistent institutional demand through exchange-traded products supports the case for a recovery in XRP price.

XRP’s descending triangle…

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Source

Cointelegraph Staff · Cointelegraph

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