 ▲ XRP |
XRP recorded a historic zero net inflow in the exchange-traded fund (ETF) market, with neither inflows nor outflows. However, analysts interpret this as a potential precursor to a strong rebound, signaling the exhaustion of selling pressure.
According to cryptocurrency outlet U.Today on March 12 (local time), the stagnation of capital flows observed in the XRP spot ETF market has provided a technical foundation for a price rebound. While recent inflows into XRP investment products fell to $0, raising market concerns, experts view this as a positive sign that large-scale selling has subsided and supply-demand balance has been restored. The pause in fund liquidity changes suggests that institutional profit-taking which had weighed on prices has been fully absorbed, leaving a lighter order book that could allow significant price gains even with modest buying pressure.
Technical analysts assessed that XRP’s current price structure has completed its bottoming phase and entered a stage preparing for an explosive rally. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have exited oversold territory and begun turning upward, indicating that internal market momentum is shifting from bearish to bullish. XRP has firmly defended the $1.30 support level, breaking its previous downtrend, while the available supply on exchanges continues to decline, increasing the likelihood of price appreciation driven by supply scarcity.
On-chain data analysis shows that whale investors discreetly accumulated tokens when capital inflows stalled, positioning for the next upward wave. Santiment data revealed that the number of large wallet addresses holding more than 1 million XRP increased slightly over the past 24 hours, suggesting that while official institutional inflows were stagnant, major players were directly entering the spot market. Open interest levels remained stable, reinforcing analysis that forthcoming volatility is more likely to break upward rather than downward.
Market participants anticipate that as judicial uncertainties surrounding Ripple are resolved, the inclusion of XRP in regulated financial products will accelerate. Various XRP-related financial products set for launch have reportedly prepared to inject substantial capital into the market once the current zero net inflow phase concludes. Experts expect that if Bitcoin (BTC) attempts to break above $73,000 and improves overall market sentiment, XRP will likely demonstrate the strongest elasticity among major altcoins.
XRP hovered near the $1.35 resistance level, monitoring changes in trading volume as it underwent its final price consolidation phase. The temporary calm in the market was viewed as a preparatory stage before major players initiate significant moves, with investors utilizing the low-volatility period as a buying opportunity. XRP is positioned at a historic turning point, soon to challenge the $1.40 level and potentially lead the next rally in the altcoin market.
*Disclaimer: This article is for investment reference purposes only and we are not responsible for any investment losses incurred based on it. The content should be interpreted solely as informational material.*