๐ XRP sits near $1.42 after UBS, the $7T Swiss bank, revealed XRP exposure in SEC 13F filing, sparking hopes of another leg up.
โจ Institutional Footprint โถ๏ธ UBS Position: 197,369 shares in Volatility Shares XRP ETF + 317 shares in Grayscale XRP Trust โถ๏ธ ETF Inflows: U.S. spot XRP ETFs pulled $1.3B in first 50 days with 29 straight days of positive flows, peak $13.59M in one day โถ๏ธ Supply Squeeze: Exchange balances at 6-year lows as demand accelerates
โจ Price Structure & Levels โถ๏ธ Current Setup: Broke multi-week range then rejected. RSI โผ50 after briefly hitting overbought โถ๏ธ Key Zones: Hold above $1.35 to target $1.50 resistance. โถ๏ธ Breakout target $2.60โ$2.70 per Wyckoff reaccumulation; supply cluster at $2.15โ$2.16 โถ๏ธ Invalidate: Close below $1.35 risks drop to $1.20 support. Standard Chartered holds $8 target on regulatory clarity
โจ Why It Matters Bank + ETF inflows historically act as short-term accelerants for XRP. Supply compression + institutional buy side sets up for volatility if $1.50 flips.
๐ $BTC and $ETH are showing slight pullbacks while select altcoins are posting massive gains. Fear & Greed Index sits at 47, signaling a balanced market sentiment as investors watch for the next big move. ๐๐
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