XRP Spot ETFs See Significant Inflows Amid Market Activity
According to ChainCatcher, data from SoSoValue indicates that XRP spot ETFs experienced a net inflow of $56.83 million during the trading week from January 12 to January 16, Eastern Time. The Grayscale XRP ETF GXRP led the inflows with $23.75 million, bringing its historical total net inflow to $287 million. Following closely was the Bitwise XRP ETF XRP, which saw a weekly net inflow of $18.39 million, contributing to a historical total net inflow of $310 million.As of the time of reporting, the total net asset value of XRP spot ETFs stands at $1.52 billion, with an ETF net asset ratio of 1.20% compared to Bitcoin's total market capitalization. The cumulative historical net inflow for XRP spot ETFs has reached $1.28 billion.
My thesis: The daily trend is bullish, but the 1H entry trigger aligns for a short. My trigger: A retest of the 79 zone on the lower timeframe. Because price is below its EMA50 on the 1H while still above it on higher frames, suggesting a pullback within an uptrend. I also see this as a potential liquidity sweep above recent highs before reversing. If price reclaims and holds above that invalid level at 83.77, then my short idea is dead. Anyone else seeing this potential trap setup?
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