Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: XRP hovers around support as outflows mount for second week
Share
  • bitcoinBitcoin(BTC)$104,932.33
  • ethereumEthereum(ETH)$2,614.30
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.21
  • binancecoinBNB(BNB)$666.58
  • solanaSolana(SOL)$153.77
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.189241
  • tronTRON(TRX)$0.272489
  • cardanoCardano(ADA)$0.67
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > XRP hovers around support as outflows mount for second week
Crypto

XRP hovers around support as outflows mount for second week

admin
Last updated: 03/06/2025 2:38 Chiều
admin
Published 03/06/2025
Share


XRP is hovering near a key support level as data shows institutional sentiment is beginning to cool off. 

According to a June 2 weekly report from CoinShares, XRP-focused investment products recorded their second consecutive week of outflows after losing a total of $28.2 million. This contrasts sharply with the larger digital asset market, which saw $286 million in inflows last week and a cumulative $10.9 billion over a seven-week run. 

Despite the market-wide inflows, overall assets under management fell to $177 billion from an all-time high of $187 billion. This decline occurred as prices cooled in reaction to growing uncertainty about U.S. tariffs, which caused major asset volatility. 

The ongoing withdrawals from XRP (XRP) investment products point to investor hesitancy, as reflected by XRP’s recent range-bound price. At press time, XRP is trading at $2.20, up 1.6% in the past 24 hours. It has traded between $2.11 and $2.35 over the last week.

Spot trading activity appears to be climbing. In the past 24 hours, XRP’s trading volume rose over 24% to nearly $2 billion, pointing to renewed interest despite price consolidation.

On the derivatives front, open interest is up 2% to $3.98 billion, and derivatives volume has jumped 18% to $3.45 billion, as per Coinglass data. This indicates that more traders are positioning for near-term volatility.

Looking at the technical picture, XRP remains under pressure. The asset is trading below its 10, 20, 50, and 100-day moving averages, all of which are flashing sell signals, suggesting that it is in a short- to medium-term downtrend. The 200-day exponential moving average is the only discernible bullish signal, indicating that there might be some longer-term support left.

XRP struggles near support as XRP investment products record second week of outflows - 1
XRP price analysis. Credit: crypto.news

While the relative strength index is at 43.5, just short of oversold territory but still neutral, the moving average convergence divergence shows a negative crossover, indicating that bearish momentum is still present. The narrowing Bollinger Bands indicate less volatility and a potential breakout in the future.

XRP is currently trading near the lower band, which has often acted as support. A bullish breakout would require a move above the $2.30–$2.35 resistance level, ideally supported by rising volume and a crossover of the short-term moving averages.

A sustained close above the 50-day EMA would be an early sign of strength. In that case, XRP could attempt to reclaim the $2.50 zone. However, if XRP fails to hold above $2.13 and breaks through $2.10 on heavy volume, the next downside target could lie near the psychological $2.00 level, with extended weakness opening the door to $1.85.

You Might Also Like

HBAR price at risk of a 27% plunge as Hedera stablecoins crash

4 catalysts that could revive Pi Network after $13b market cap crash

Is Mantra about to break out? OM reaches key resistance at $0.45

Canary Capital picks Marinade Select as its Solana ETF staking provider

Bitcoin’s $102k market price grants miners 182% profit

TAGGED:hoversMountoutflowssupportweekXRP

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article Bonk launches ‘Kill-to-Earn’ FPS game on Solana
Next Article Ethereum foundation slashes core team amid ongoing reorganization
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
Dow Jones snaps win streak as Fed Beige Book flags weak growth, rising costs
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?