In accordance with Captainaltcoin, Ripple’s XRP price has failed to rally despite the launch of the first U.S. spot XRP ETF, the Canary XRPC fund, which saw over $243 million in net inflows within two trading days. The XRP price dropped about 9% to around $2.21 amid weak broader market sentiment. Institutional interest is growing, with Evernorth Holdings filing to go public with a $1 billion XRP treasury. On-chain data shows 149 million XRP (about $335 million) moving off exchanges into self-custody. The 4H chart shows XRP stuck in a tightening range between $2.06 and $2.26, with $2.47 acting as a key resistance. Momentum indicators remain cautious, with RSI in the 35–40 range and MACD below the signal line. The key level to watch this week is $2.20, with a potential push toward $2.33 and $2.47 if buyers step in.
XRP Price Analysis: ETF Launch Fails to Spark Rally as Price Stalls Between $2.06 and $2.26
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