Coinspeaker
14 hour ago
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XRP Price Faces Volatility as ETFs Near $1 Billion Milestone

Ripple's XRP experienced a 5.2% drop on Dec. 5, reaching $2.06, amid low market sentiment. Despite this, XRP ETFs have seen inflows for 14 consecutive sessions, nearing the $1 billion mark.

XRP Price Analysis

  • Santiment reports high fear levels and negative social sentiment for XRP since October.
  • Despite a 31% price drop in two months, bearish commentary prevails.
  • The current "fear zone" might offer a buying opportunity as it did in November, leading to a price recovery.

Market Predictions for XRP

  • Analyst CasiTrades suggests XRP is retesting the $2.04 level with potential upside toward $2.41–$2.65.
  • A failure to hold $2.04 could see a drop to $1.64.

XRP ETFs Performance

  • Spot XRP ETFs exhibit strong demand in the US, with 14 days of inflows totaling $887 million.
  • This contrasts with struggling Bitcoin ETFs, indicating robust institutional interest in XRP.

XRP sentiment drops into fear zone | Source: Santiment

Meme Coin PEPENODE Activity

  • PEPENODE is attracting attention with $2.4 million raised in presales.
  • Offers a 570 APY during presale and combines mining utility with staking rewards.
  • Plans expansion into infrastructure services.