XRP’s buying pressure on the up after 31% weekly rally – What next?
XRP has surged 31% in a week, reaching $2.39 and outperforming Bitcoin and Ethereum. It now ranks as the fourth-largest cryptocurrency by market cap. The rally is supported by an 8-year low in exchange reserves, a 57% drop since October 2025, and significant spot ETF inflows, including a $46.10 million net inflow on January 5. Key drivers include Franklin and Bitwise ETFs. Despite overbought RSI levels, bullish momentum remains strong with no immediate pullback expected. However, Bitcoin's weakness could negatively impact XRP's trend. Overall, strong buying pressure and reduced supply suggest continued bullish performance.
ambcrypto01/06 06:02