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XRP Price Remains Weak Despite Positive ETF Closures
Recent developments in the XRP market highlight potential risks despite positive closes from spot ETFs:
- XRP's price action indicates a weak market structure, suggesting short-term risks persist.
- New Year volatility has impacted crypto markets, with low trading volume and uncertainty causing pressure.
- For successful trades against the trend at support levels, clear bullish breakout structures on lower timeframes are essential.

- Technical analysis shows XRP losing the “Daily Imb” zone, weakening its overall structure.
- If prices drop below recent swing lows, $1.98 is expected to be the first major resistance.
- Key resistance areas include $1.98, the YO area, and a red boxed region, likely facing selling pressure.
Despite 18 consecutive positive closes for spot XRP ETFs, market structure and price action remain the primary indicators over ETF optimism:
- These buys are considered part of a gradual accumulation strategy rather than confirming a trend reversal.
- A potential buy zone could emerge around $1.53 if broader market behavior leads to further corrections.
- Caution is advised when entering positions without clear breakout or reversal structures.
