XRP News Today: XRP Faces $1.75 Test as Buyers Confront $15M Withdrawals with ETFs on the Horizon
- XRP faces critical $1.75 support zone amid $15.5M outflows and 50% decline from July highs. - TD Sequential buy signals and ETF launches (Nov 18) could trigger rebounds or stabilize price. - Key resistance at $2.150 threatens bearish trend if $1.75 support fails to hold. - Market volatility highlights ETFs' potential to shift institutional adoption and price dynamics.
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Technical analysis points to a crucial crossroads for XRP. The TD Sequential indicator, which traders use to spot possible trend reversals, has recently signaled a buying opportunity. Past instances of this signal have resulted in rebounds of 14% and 18%, indicating that the current $1.75 support might prompt a similar move if buyers intervene
Investor sentiment has shifted notably in recent weeks. After initial inflows totaling $243 million into XRP investment vehicles, the trend has reversed sharply, with $15.5 million withdrawn in the most recent week. This outflow signals increasing caution among investors as the broader crypto market downturn has wiped out nearly half of XRP’s July gains. The November pullback, part of a wider bearish correction, has left the token exposed to further declines but has also opened up buying opportunities for long-term holders
Forthcoming product launches may bring fresh capital into the market. Franklin Templeton, Bitwise, 21Shares, and CoinShares are preparing to launch spot XRP ETFs on November 18, a move that could help steady or even reverse the current downward trend. Although the immediate effects are unclear, these ETFs signal a significant shift in institutional interest in XRP. Experts point out that such products often provide price support, especially if they attract consistent investment
At present, the $1.75 support area is the main focus. Strong buying activity in this region highlights a vital demand zone where buyers may step in to halt further declines. If this level holds, it could fit with broader technical signals suggesting a possible drop-and-bounce scenario. On the other hand, if XRP fails to stay above $1.75, it would likely confirm a more pronounced bearish trend,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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