LONDON (IT BOLTWISE) – The cryptocurrency XRP is currently experiencing a turbulent phase. While institutional investors are investing more in XRP ETFs, retail traders are retreating and taking profits. These opposing movements lead to a complex market environment that presents both opportunities and risks.
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Cryptocurrency Ripple (XRPUSD) recently saw a decline to $2.15 on expectations of a 25 basis point interest rate cut by the US Federal Reserve in the coming week. This price cut provides an entry opportunity for new investors as institutional demand continues to grow and serves as a catalyst for a revaluation of crypto assets.
In the last few hours, XRP has lost 0.77% in value due to selling pressure and a drop in trading volume. The token is under the influence of contradictory forces: while technical indicators show a bearish bias, demand from institutional investors, especially through ETFs, is increasing. On December 3, XRP ETFs recorded daily inflows of $50.27 million, although prices fell due to traders taking profits.
Institutional investors are accumulating XRP via ETFs while retail traders are taking profits. The area between $1.90 and $2.20 will be crucial to see whether supply shortages or general weakness in the crypto market prevails. The token’s market cap fell to $130 billion with a trading volume of 3.26 billion.
A break below $2 could lead to cascade liquidations, while a recapture of $2.25 could force short positions to cover. Analysts see the increasing institutional adoption of XRP, supported by $1.2 billion in investments, as a positive development for the token’s role in global finance.
The launch of XRP ETFs in the US by companies like Bitwise and Greyscale has attracted $824 million in the last 30 days. These ETFs cannot obtain XRP from Ripple’s escrow account, increasing competition for the 2.7 billion tokens available on exchanges.
Ripple has received an expanded MPI license in Singapore to support XRP in regulated digital payment transactions, marking an important step towards global market adoption. XRP’s recent decline is due to profit-taking following the ETF launch, weak technical indicators, and general risk aversion in the crypto market.
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