XRP has surged 6% to $1.44, with technical indicators suggesting further upside potential. The Bollinger Bands, a key volatility measure, indicate a possible target of $1.50, as the upper band sits at $1.51. This rise comes after XRP faced a challenging start to the year, dropping over 24% in January and early February. The 14-day RSI remains neutral at 44.75, indicating room for further gains.
Bitcoin ETFs have recorded a significant inflow of $258 million, signaling renewed institutional interest. Despite Bitcoin's bearish market environment, the inflows suggest a potential shift in institutional positioning. Fidelity's FBTC led with $82 million in net inflows, while Grayscale ETH and Ethereum spot ETFs saw $11 million and $9 million, respectively.
Shiba Inu (SHIB) has experienced a substantial exchange inflow of 549 billion tokens, raising concerns about potential bearish momentum. The increase in exchange reserves suggests a possible sell-off, as market participants appear more inclined to liquidate positions amid a challenging technical environment.
XRP Gains 6% Amid Bullish Signals; Bitcoin ETFs See $258M Inflows
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