XRP Marks First Inflow In 4 Weeks Even As ETF Approval Chances Strengthen

Core Insights - XRP is experiencing a month-long downtrend, approaching the critical $2 level, with recent attempts to break this pattern failing to gain momentum [1] - Investor sentiment is shifting towards selling, as indicated by the first confirmed inflow to exchanges in over a month, reflecting weaker conviction among holders [2][3] - Whale activity is counteracting the selling pressure, with large holders accumulating an additional 1.1 billion XRP, increasing their total holdings to 9.74 billion XRP, valued at approximately $2.36 billion [4][5] - The current price of XRP is $2.14, resting on key support, but risks further decline without external catalysts [6] - The potential approval of XRP ETFs may provide a positive catalyst, with indications that the SEC is expediting filing processes, which could enhance market sentiment [7]