The XRP has continued to operate in the near three weeks of consolidation, with the range of $1.05 to $1.10 as the core support area for market concerns. Weaker trade and slower kinetic energy kept prices from low-level shocks. However, institutional funds have not been withdrawn simultaneously and XRP ETF is still attracting additional funds.

Back in 24 hours, down below.

Over the past 24 hours, XRP fell from US$ 1.113 to US$ 1.1109, a decline of about 1.8 per cent. For most of the time, the price has been slow and low and the support around $1.10 has been tested again as close to closing.

In a fall on 22 June, the turnover rose to 65.4 million XRPs, about 84 per cent above the average. This suggests that the fall has been amplified, but the overall deal has not been kept open and the market has not yet formed a clear unilateral direction.

Net inflows to ETF remain

Despite the weakening of retail sentiment, institutional financial performance has been relatively stable. On 20 June, XRP ETF recorded a further net inflow of $2.4 million, a continuation of the previous trend of inflows.

At the same time, the chain ' s dynamism has cooled in recent weeks, and futures warehousing and open contracts are falling. This suggests that market participation is declining and short-term traders ' risk preferences are lower than in the previous period.

  • XRP ETF Net Inflow at 20 June $2.4 million
  • 24 hour drop approximately 1.8%
  • June 22nd.

$ 1.05 for short-line critical position

In terms of the price structure, the XRP is still within a transverse zone since June. The report mentions that the XRP had previously fallen into a chorus of balanced cloud support, and that the graphics showed caution.

It is now a matter of greater concern that prices have returned to the support of the 1.05 to $1.10 regional tests on several occasions. Markets do not usually stay around the same anchor for long periods of time, often followed by a clearer rebound or a downside.

If it falls, the market view may turn to the $1.00 integer level. If the current structure is to be improved, XRP needs to be repositioned at US$ 1.18, up from US$ 1.28 to US$ 1.30, which is considered by some analysts to be more important for structural rehabilitation.

Until then, the XRP trading main line was still an inter-temporal shock, not a reverse trend.