XRP crashes back below $1.50 despite ETF inflows: what just went wrong

XRP fell back below $1.50 on Thursday, barely a day after breaking through $1.60, even as US exchange-traded funds continued to attract fresh money. The token traded around $1.50 after reaching roughly $1.66 in the previous session, turning what had looked like a convincing breakout into a sharp reversal. Yet spot XRP ETFs drew another $18.04 million on September 23, lifting cumulative net inflows to about $1.75 billion. XRP hit the supply wall analysts warned about Crypto analyst Ali Martinez had already identified $1.60 as a major resistance area before XRP reached it. On-chain distribution data showed about 2.

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AI Market Analysis

Analysis generated by artificial intelligence

XRPUSD: near-term bias turns cautious. The sharp rejection from roughly $1.66 and failure to hold above $1.60 weaken the breakout case: sellers near a large holder cost-basis cluster appear to have outweighed ETF buying, leaving recent breakout buyers vulnerable to further selling. The reported $18.04 million in daily ETF inflows is supportive, but it did not prevent the reversal; exchange reserves rising to about 2.68 billion XRP may add potential supply, though deposits do not prove that tokens were sold.

The article identifies $1.43–$1.45 as the next support area to watch. A hold there, alongside continued ETF demand, could make the pullback a reset; a break would strengthen the failed-rally interpretation. Reclaiming and holding $1.60–$1.66 would help repair the breakout structure. Broader risk conditions also matter: the article links higher Treasury yields and Bitcoin weakness to pressure on crypto assets, so monitor BTC, yields, ETF flows, and whether exchange reserves translate into actual selling.

Source: Invezz

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