U.S. spot XRP ETFs experienced a notable shift in investor sentiment this week, with net outflows totaling $529,510 through Thursday. This marks a significant downturn from the previous month, where October inflows dropped to $18.8 million from September’s $121.4 million, the lowest monthly total since March.
Crypto analyst CryptoInsightUK offered a technical perspective on the price action, suggesting that Ripple (XRP) could see a dip to $1.13, $1.17 before recovering toward $1.29, $1.34. The analyst also highlighted larger upside liquidity near $1.70, indicating potential resistance levels for the cryptocurrency.
The outflows and price predictions come amid broader market volatility, with investors closely watching the performance of XRP ETFs. The data underscores a cautious approach among traders, as the digital asset navigates regulatory and market challenges.