Crypto
XRP Price Holds Firm Amid Heavy Selling Pressure
The XRP price has shown resilience in the face of heavy selling pressure, remaining above $1.35 despite a sharp decline from its local high near $1.70.
According to market data, the aggressive selling activity is being absorbed rather than immediately pushing the market lower, with open interest cooling after its sharp spike.
This has raised questions about whether there is a possibility of another leg up or a deeper correction for XRP.
The spot ETF inflows have strengthened the bullish case, with $110.49 million in weekly net inflows taking cumulative inflows to around $1.66 billion.