XRP's price has stabilized around $1.40 following a TD Sequential buy signal and significant institutional investment. The TD Sequential indicator, which previously signaled a sell near $1.46, now suggests a buy setup close to the $1.41 support level. This technical signal coincides with Goldman Sachs' disclosure of $152 million in new XRP-related fund positions across Bitwise, Franklin, Grayscale, and 21Shares.
The market capitalization of XRP has shown signs of stabilization after a sharp selloff earlier in the week, which saw values drop from $95 billion to $72 billion. The rebound to the high $80 billion range indicates renewed demand and potential equilibrium between buyers and sellers. Traders are closely monitoring the $1.40 support and $1.46 resistance levels for further price action.
XRP Stabilizes Near $1.40 Amid Goldman Sachs' $152M Investment
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
