XRP displays weakness against Bitcoin, but increased ETF demand could potentially trigger XRP price recovery.
) over the past week, and the confirmation of a bearish pattern now points to the risk of more losses ahead. XRP/BTC’s descending triangle pattern on the weekly chart points to a possible 40% drop toward 0.000011 BTC.
Persistent institutional demand through US-based spot ETFs supports the case for a recovery in XRP price. Since late 2024, the XRP/BTC ratio has been consolidating inside a descending triangle on the weekly time frame. In technical analysis, descending triangles are typically viewed as bearish patterns. The pattern was confirmed when the price produced a weekly candlestick close below the triangle’s lower trend line at 0.000096 BTC, as shown in the chart below.
The downside target is derived by taking the height of the triangle and placing it lower from the point where the price breaks below the pattern’s lower trend line. Using that method, the XRP/BTC pair’s measured downside target comes in near 0.000011 BTC, about 40.5% below current levels.in a recent post on X, adding that losing support at $0.000091 would lead to further losses in the XRP/BTC ratio as well as the XRP/USD pair.
However, the RSI is near oversold at 33, levels that have previously marked macro bottoms for the ratio, as seen in mid- and late 2024. This suggests that the current downtrend could soon come to an end. , a similar recovery could be seen in XRP price as several technical and onchain indicators send bottoming signals. Institutional demand for XRP investment products has been strengthening, according to data from SoSoValue.
US-based spot XRP exchange-traded funds posted $3.89 million in net inflows on Thursday. This marked nine consecutive days of net inflows, totaling $73.78 million. This streak has pushed cumulative inflows to nearly $1.28 billion and AUM to $1.1 billion. This indicates an increased institutional appetite for XRP products, despite the price declining 22% in 2026 and lagging against Bitcoin.
It signals “steady institutional demand as accumulation continues despite sideways price action,” the analyst added.
“Institutional demand is rising fast as big money continues flowing into XRP exposure,” fellow analyst Ledger Man
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Payments Cross 1.7 Million After XRP Price Enters UptrendThe activity spike on XRP network is certainly unexpected and could become a foundation for a proper recovery.
Read more »
Ripple Prints $49 Million RLUSD as 'North Star' XRP Seeks Buyers Support; Shiba Inu (SHIB) Achieves Key Coinbase-Focused ETF Listing; Bitcoin Price Maintains $96,600 Outlook Amid Oil Spike on HyperliquidRipple mints $49 million RLUSD as company's 'North Star' XRP nears a risky zone, SHIB joins the Coinbase ETF elite, and Bitcoin holds its $96,600 price target despite the oil shock on Hyperliquid.
Read more »
XRP price: Ripple-linked token slips amid bitcoin profit-taking, ETF delayToken falls 2.5% after rejection near $1.44 as leveraged ETF launch pushback adds to mixed sentiment.
Read more »
Bitwise XRP Fund Sees Inflows Amidst Broader Crypto ETF TrendsWhile most XRP ETFs show no activity, Bitwise's fund attracts $2.42 million in inflows as Bitcoin ETFs continue a seven-day positive streak. XRP's price holds a key technical level, potentially setting the stage for a rebound.
Read more »
Major Bitcoin Miner Keeps Cashing Out Bitcoin (BTC)Riot Platforms, one of the industry's largest publicly traded Bitcoin miners, is showing no signs of halting its massive selling spree.
Read more »
Ethereum Risks 10% Dip Versus Bitcoin Despite ETH Staking MilestoneEthereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting ETH price over time.
Read more »