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21 hour ago
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XRP Holds Key Support as Vanguard Offers XRP ETFs Tomorrow

XRP is showing resilience by maintaining a key support level despite broader market pressures. The token is exhibiting potential for a reversal, with reduced bearish momentum and compressed volatility.

Key Points

  • XRP has consistently held its support level, indicating strength and potential for a trend reversal.
  • Vanguard to allow clients access to XRP ETFs, potentially boosting market interest.
  • The US spot crypto ETF flows reached over $90 million on December 1st.
  • An inverted chart reveals a 3-drive pattern, often preceding major reversals, suggesting a possible trend change.
  • Bulls aim to regain the monthly RVWAP around $2.22 to confirm structural shifts towards a continuation rally.
  • A decline below $2.00 could negate the current setup, leading to unfavorable outcomes by year's end.

Exchange Balance Insights

  • 45% of XRP's exchange-held supply has been withdrawn recently, signaling heavy accumulation by informed investors.
  • Reduced exchange supply decreases selling pressure, potentially triggering significant price movements.

XRP

The current dynamics suggest XRP might be entering a pivotal phase unnoticed by most, potentially leading to notable market developments.