Crypto
XRP Price Sees Sharp Pullback, But Analysts Say Dip Buyers Should Keep Watching
XRP has seen significant inflows to its spot ETFs, totaling over $150 million in just nine trading days since August 18th.
Despite a pullback to $1.35, analysts believe that dip buyers should watch the price zone around this level closely.
The recent rally from $0.98 to $1.70 has sparked talk of a super cycle, with some investors predicting further gains for XRP.
Data from CryptoQuant shows that exchange XRP reserves have been falling since March, and recently dropped below July's low, indicating ongoing accumulation.