Core Viewpoint - XRP's price has experienced a decline amid a broader crypto market correction, falling 4% and losing the $2.0 support level, yet spot XRP ETF inflows continue to sustain investor optimism [1] Price Movement and Market Sentiment - XRP's price has dropped nearly 18% from its January 6 high of $2.40, with bearish sentiment prevailing in the market [1] - After consolidating between $2.05 and $2.06, XRP reached an intraday low of $1.906 before rebounding to $1.97 [2] - Open interest for XRP decreased by 10% to $3.58 billion, while daily trading volume surged by 166% to $3.66 billion [2] Technical Analysis - Analyst Crypto Patel indicates that XRP is trading above a confirmed multi-year breakout zone, suggesting potential for a significant upside move following a prolonged accumulation phase [3] - Patel highlights a descending wedge breakout from 2020 to 2024 as a key technical catalyst, with XRP's focus area around a fair value gap between $1.90 and $1.30 [4] - The bullish structure remains intact as long as XRP stays above $1.30, with upside targets set at $3.50, $5.00, $8.70, and $10 [4] ETF Inflows - Despite the price pullback, inflows into spot XRP ETFs have remained consistent, with net inflows rising by $1.12 million on January 16, bringing cumulative net inflows to $1.28 billion [5] - Grayscale's GXRP ETF saw inflows of over $287 million, while Bitwise's XRP ETF added $310 million, both reaching assets of approximately $291 million [6] - Year-to-date, spot XRP ETFs have attracted over $108 million, with total assets exceeding $1.52 billion for the first time [6]