XRP is trading around $1.10 as weekly spot-ETF data through July 9 shows $7.29 million in net outflows, putting a nine-week inflow streak at risk of its first negative close. The wobble lands just as the token presses a year-long trendline for a third time.
XRP spot ETFs are on the edge of breaking a run that held through the year’s worst price weakness. The weekly data through July 9 shows $7.29 million in net outflows, so Friday’s unreported figures will decide whether the streak survives.
The nine-week streak nears its first break
The crypto ETF funds had pulled in cumulative inflows of $1.48 billion across nine straight positive weeks, absorbing money even as the token slid. A negative weekly close would snap that run for the first time in ten weeks.
Even if the streak ends, the $1.48 billion in cumulative inflows stays intact. But a first negative print would mark a notable shift in sentiment at exactly the moment XRP is attempting its most technically important breakout of the year.
A third breakout attempt against the trendline
XRP is pressing against a year-long descending trendline for the third time. The first attempt failed at $1.30, and the second collapsed.
This time a bullish divergence on the relative strength index backs the move, with price printing lower lows while RSI held higher lows. The RSI now sits at 47.16, recovering from June’s oversold extreme.
Where the price levels sit
The EMA stack remains bearish overhead: the 20 EMA at $1.1119, the 50 EMA at $1.1705, the 100 EMA at $1.2712, and the 200 EMA at $1.4801 all act as resistance. A daily close above $1.1119 would be the first sign this attempt differs from the last two.
Until that close prints, the channel rules still apply, with $1.00 to $1.05 marking the demand zone floor below.
Source: Benzinga
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