ETF Funds Halted... XRP Shows Clear Bearish Signals

▲ XRP ETF/ChatGPT Generated Image ©

Amidst XRP (Ripple) falling below $1.40 and strengthening its bearish trend, an analysis suggests that weakening investor sentiment and a slowdown in ETF funds are increasing further downward pressure.

According to investment media FXStreet on April 28 (local time), XRP has continued its short-term downward trend, falling below $1.40 after being blocked by resistance at $1.45. With increased volatility in the overall cryptocurrency market, selling pressure has expanded, making it difficult to defend key support levels.

Middle East risk has been identified as a key factor suppressing investor sentiment. As the blockade of the Strait of Hormuz continues and the conflict between the U.S. and Iran persists, risk-aversion sentiment has strengthened, and the Crypto Fear & Greed Index plummeted from 47 to 33 in a single day. The overall market's risk-off trend is directly contributing to XRP's bearishness.

Institutional fund flows are also showing signs of slowing down. According to SoSoValue data, the XRP spot ETF recorded a stagnant state with no inflows or outflows over the past day. Cumulative inflows remained at $1.29 billion, and assets under management were approximately $1.06 billion. Retail investor demand also shows open interest maintained at $2.57 billion, but this is significantly lower than the historical high of $10.94 billion, indicating a lack of confidence in an upward trend.

Technically, bearish signals are also evident. XRP is trading below the Bollinger Band centerline at $1.40 and the 50-day exponential moving average at $1.41, maintaining a downward bias. The Relative Strength Index (RSI) remains below the neutral line at 47, and the Moving Average Convergence Divergence (MACD) has also dropped below the 0 line, indicating weakening upward momentum.

In the short term, the $1.40-$1.41 range acts as the first resistance, with stepped resistance levels at $1.48, $1.53, and $1.75 if it rebounds. Conversely, on the downside, $1.32 is a key support level; if this level breaks, there is a high probability of the daily downtrend expanding. FXStreet evaluates the current structure as a “typical bearish zone with weakened momentum,” leaving open the possibility of further declines.

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