Community Articles
via Cointelegraph · By Cointelegraph Staff
XRP Risks 50% Dip to $0.65 Despite Persistent ETF Inflows
XRP
XRP/USDT
$1.003
+0.03%
$1.003
+0.03%
(24s)24h Volume
$245,194,572.02
24h H/L
$1.0068 / $0.9972
Change: $0.009600 (0.96%)
Long/Short
78.5%
Long: 78.5%Short: 21.5%
Funding Rate
+0.0024%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(04:20 PM UTC)
1 min read
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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