XRPUSD

pated launch of the first spot XRP ETF, managed by Rex Shares and Osprey Funds, has been pushed back. ⏳
Instead of dropping on September 12, the new target date is reportedly September 18. While this is just a short six-day delay, in the world of crypto, it feels like an eternity. But don't let this minor setback shake you—it could be the calm before the storm. ⛈️
Why This Delay Could Be a Bullish Signal 📈
A delay doesn't mean weakness; it could mean the opposite. This gives institutional players more time to get their ducks in a row and for whales to quietly accumulate before the floodgates open.
Remember the Bitcoin spot ETF? Its launch in 2024 unlocked billions in institutional capital, sending its price soaring. The same could be in store for XRP, which has just emerged from its long-standing SEC battle.
The Perfect Storm for a Surge 🌪️
With the SEC drama largely behind it, XRP is positioned perfectly to attract a wave of new investment. The ETF provides a direct bridge for Wall Street money to flow into XRP without the complexities of self-custody.
Current Price: Around $3.10
Daily Volume: Over $6 billion
Rank: The third largest crypto
As upgrades like AMMs and EVM compatibility strengthen the network, a new era of institutional adoption could be on the horizon.
What's Next? 🚀
Analysts are debating if we'll see a quick jump to $5 or a more gradual climb to $10+ in the next bull run. One thing is for sure: the institutional interest is real, and the ETF is a powerful catalyst.
Will the hype live up to the pump? We'll find out soon enough. In the meantime, the coiled spring is getting tighter. 💥
What are your thoughts on this delay? Let us know in the comments! 👇
#XRPCommunity #Ripple #CryptoETFs #InstitutionalAdoption #XRPUSD

XRP's trading volume has fallen by 66% over the last 24 hours, dropping to $2 billion and raising some concerns in the market. However, this may not be a major cause for alarm, as a decrease in trading activity is often expected on weekends.
Despite the volume drop, significant whale activity was observed throughout the week. For example, Whale Alert recently reported a transfer of nearly 50 million XRP between unknown wallets. Additionally, a massive transfer of 250 million XRP, valued at over $700 million, was moved from Ripple to an unknown wallet. The continued participation of these large-scale investors suggests that the drop in volume may not be a sign of a market exit.

Price Outlook and Institutional Interest

The recent dip in trading volume could simply be due to traders waiting for more clarity at the beginning of the new week before making their next move. This is supported by XRP's price, which is still up over 3% in the last 24 hours, trading at around $2.89. The token recently recovered from a low of $2.69 and surged to $2.92 in the early hours of Sunday.
Technical analysis suggests a positive trajectory if XRP can break and close above its daily SMA 50 at $3.04, which could clear the path for a rise to $3.40 and possibly $3.66. Conversely, a drop below $2.69 could see the price fall toward $2.20.
Adding to the positive sentiment, Bitwise has listed new crypto ETPs (Exchange Traded Products) on the Six Swiss Exchange, including the Bitwise Physical XRP ETP (GXRP). This ETP allows investors to get exposure to XRP in a similar way they would with a traditional ETF, which could attract more institutional investment and further legitimize XRP in the broader financial market.#XRPUSD

The cryptocurrency market appears to be on the verge of a significant surge in volatility, with major assets showing conflicting signals. While Bitcoin and Ethereum are struggling, Shiba Inu (SHIB) seems poised for a potential breakout, creating a complex and uncertain outlook for the coming weeks.

Shiba Inu: A Tightly Wound Spring

Shiba Inu is currently consolidating within a symmetrical triangle pattern, which often precedes a major price move. The price has been steadily coiling in a tight range, with lower highs and higher lows converging around $0.00001236. This suggests that a breakout is imminent.
For traders, the key levels to watch are $0.00001297 on the upside, which aligns with the 100-day Exponential Moving Average (EMA), and the support level near $0.00001200 on the downside. A decisive break above the upper trendline could propel SHIB toward the 200-day EMA at $0.00001388 and potentially test the mid-$0.00001400s.
Conversely, a break below the triangle's support could send SHIB down to retest the $0.00001150 level or even fall to $0.00000950, a price not seen since early summer. Technical indicators like the RSI are currently neutral, and a recent decline in trading volume further supports the idea that the market is awaiting a major move.

Bitcoin and Ethereum: A Bearish Stance

In contrast to Shiba Inu, both Bitcoin and Ethereum are showing signs of weakness.
Bitcoin's Limited Reversal: Bitcoin has repeatedly failed to maintain its recovery attempts, most recently being rejected at the $112,000 resistance area. The inability of bulls to push the price past this level, which sits just below the 50-day moving average, suggests that sellers are still in control. The next critical support level is the 100-day EMA near $110,785. A drop below this could trigger a deeper correction toward the $104,520 level, last seen in May.Ethereum's Stagnation: Ethereum is caught in a stalemate, with its price hovering around $4,300 and struggling to find direction. The token is currently trapped between its 26-day and 50-day EMAs, and this consolidation appears to be leaning bearish. If a downward breakout occurs, ETH could test the $3,607 support level, with a further drop potentially pushing it to the 200-day EMA at $3,190. The lack of buying volume and momentum indicators staying in a neutral range point to a potential correction.
In summary, the market is at a pivotal moment. While Shiba Inu's chart suggests a potential for a significant bullish breakout, the broader market leaders, Bitcoin and Ethereum, are showing signs of further decline. This dichotomy creates a high-stakes environment where a break in one asset's price could heavily influence the others.#XRPUSD #XRPUSDT

XRP's Recent Price Performance: XRP's price has declined by nearly 20% in the last 45 days. It is currently in a descending triangle pattern, a technical formation that often indicates a continuation of a downtrend. The key support level to watch is near $2.70.Leverage and Liquidation Risks Reduced: Onchain and futures data suggest that market risks have decreased. The open interest in XRP futures has fallen from $11 billion to $7.5 billion, and the estimated leverage ratio has reset to its yearly average. This indicates that traders are no longer "overextended," which lowers the risk of cascading liquidations that can cause sharp price drops.Early Signs of Accumulation and Potential Reversal: Onchain indicators show that net taker volume is nearing neutral, and spot cumulative volume delta (CVD) is increasing, suggesting that holders may be in an accumulation phase. Futures data also supports this, with declining aggregated futures CVD and normalized funding rates.Technical Indicators Point to a Potential Bottom and Rebound:Fair Value Gap (FVG): A key area to watch is the daily/weekly fair value gap between $2.35 and $2.65. The market may retrace into this zone before finding a bottom.Fibonacci Retracement: The 0.5 to 0.618 Fibonacci retracement levels align with the fair value gap, reinforcing the $2.35 to $2.65 zone as a strong potential area for price stabilization and a rebound.Fractal Pattern: XRP's current market structure resembles a Q1 fractal pattern that previously led to a significant breakout. If this pattern repeats, XRP could see a rebound of 60% to 85% in Q4.Bullish Price Target: Crypto trader Javon Marks believes that as long as XRP holds the key support level of $2.47, its price could be "prepping for another +66% upside," with a target of $4.80.
#XRPUSD #XRPUSDT