BEARISH 📉 : XRP price drops below $1.6 as institutions accumulate

Institutions are accumulating XRP even as its price falls below $1.6, causing concern among retail investors.

Institutional Accumulation Amid XRP Price Decline

X Finance Bull observes that institutional investors are increasing their holdings in XRP while retail investors sell off.
XRP ETFs see inflows, contrasting with outflows from Bitcoin and Ethereum ETFs.
On January 30, Bitcoin ETFs had $1.61 billion in outflows, Ethereum $353 million, while XRP ETFs saw $15.6 million in inflows.
The direction of these flows suggests a strategic shift by institutions focusing on fundamentals over market hype.
Key bullish factors for XRP include its utility for cross-border payments and impending regulatory clarity.
XRP ETFs have accumulated $1.18 billion in the past three months, indicating early-stage institutional interest.

Analyst Egrag Crypto outlines two potential paths for XRP post-drop:
First path: A double liquidity grab with a relief bounce followed by a second sweep around $1.3.
Second path: Direct expansion potentially leading to gains similar to past bull cycles, with possible surges to $7 or $27.

Currently, XRP trades at approximately $1.54, down over 7% in the last 24 hours, according to CoinMarketCap.