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via Cointelegraph · By Cointelegraph Staff

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

XRP

XRP/USDT

$1.0837

-1.61%

$1.0837

-1.61%

(24s)

24h Volume

$1,181,093,128.45

24h H/L

$1.1028 / $1.0462

Change: $0.0566 (5.41%)

Long/Short

74.7%

Long: 74.7%Short: 25.3%

Funding Rate

-0.0016%

Shorts pay

Data provided by COINOTAG DATALive data

Ripple

Daily

$1.0841

▲ 0.98%

Volume (24h): -

Resistance Levels

Resistance 3$1.2385

Resistance 2$1.1546

Resistance 1$1.1028

Price$1.0841

Support 1$1.0728

Support 2$1.0339

Support 3$0.9093

Pivot (PP):$1.081

Trend:Downtrend

RSI (14):35.7

Cointelegraph Staff

(04:20 PM UTC)

1 min read

Updated byEmily Watson

1044 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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