Altcoins News
By Dan Saada
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Bitwise ETF Keeps Growing Despite Price Pullback. The ETF's growth is probably the most interesting data point here.
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XRP Price Levels That Actually Matter. Technically, XRP's daily RSI sits at 60.6. Not bearish.
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Bitcoin Hyper Presale Pulls Attention From XRP Traders. Some traders who rode the ETF-driven XRP rally from $1.00 to $1.70 are now looking elsewhere.
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XRP is stuck. The token is consolidating between $1.36 and $1.38 after pulling back from its August peak of $1.70, and the weekly chart shows an 8.2% drop.
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Meanwhile, Bitwise's spot XRP ETF crossed $507 million in assets under management as of late August — with the fund holding 364.8 million XRP. Nine months after launch.
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The ETF's growth is probably the most interesting data point here. Institutional inflows into XRP ETFs have more than doubled compared to what came in during July, per the source…
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What's clear is that $507 million in AUM is real money. The fund sitting on 364.8 million XRP tokens is a concrete fact that doesn't care about short-term price noise.
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The gap between that institutional enthusiasm and the current price action is kind of the whole story right now.
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Technically, XRP's daily RSI sits at 60.6. Not bearish. Not overbought either — momentum has cooled from the frothy conditions seen earlier. The $1.36–$1.
10 / 15
Immediate support sits at $1.30–$1.35. If that breaks, the next stop is probably $1.27. And if XRP loses $1.
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On the upside, resistance is at $1.50–$1.60. XRP needs to reclaim that range before it can take another run at $1.70.
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Related: Bitwises XRP ETF Surges to $500M as Franklin Templetons XRPZ Gains $28.7M in a Week
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September 1 escrow unlock is another thing market participants are watching. It could move the needle on price, adds another variable to an already messy setup.
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The pitch is pretty much that the upside hasn't been priced in yet — infrastructure play, early positioning, that kind of thing.
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It's worth being honest: the interest in something like Bitcoin Hyper doesn't mean XRP is losing its audience.
The Currency Analytics
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