🚨 $XRP XRP Flashing Warning Signs Despite ETF Hype! 🔥📉
This week is a struggle for XRP, even with the first-ever Canary $XRP ETF launching strongly in the U.S. 👀 Are we in for more pain?
🔻 My Market Update (Be Honest)
• XRP Price: \$2.26 (Ouch! Down from the ATH of \$3.66)
• Trend Check: Clear lower lows and lower highs structure.
• Death Cross: The dreaded 50 EMA just crossed BELOW the 200 EMA. Major long-term bearish signal! ❌
• Bearish Patterns: Small head-and-shoulders pattern confirmed + price is struggling below the 38.2\% Fibonacci level.
• Next Key Support: \$1.77 — If this breaks, get ready for a deeper downside move. 📉
📊 The ONLY Bullish News
Despite the price action, institutional adoption is surging:
• 🇺🇸 Canary $XRP ETF hit a huge \$58M first-day trading volume!
• ETF AUM is now sitting at a massive \$248M! 🔥
• Ripple’s stablecoin RLUSD crossed the \$1B market cap milestone! 🚀
😨 Why Is XRP Still Falling?
1. Broad Market Pullback: BTC dropped below \$96k. The whole crypto market cap is down over \$1T. We aren't alone.
2. Fed Fear: Rumors of the Fed delaying rate cuts are hurting risk assets.
3. "Sell the News": Classic reaction post-ETF approval—everyone bought the rumor and is now selling the confirmed event.
🧐 When Does This End?
XRP needs to break decisively BACK ABOVE both the 50-day and 200-day EMAs to cancel this bearish outlook. Until then, keep your stop losses tight, the trend remains under pressure.
$XRPUSDT Perp: 2.229 (-4.04\%)
#MarketPullback #Write2Earn #CryptoIn401k #XRP #DeathCross
