Fibonacci support level
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XRP ETF Outperforms BTC, SOL, ETH, but XRP Price in a Make-Or-Break Situation
Yahoo Financeยท 2025-12-09 11:40
Group 1: XRP ETFs Performance - Spot XRP ETFs have experienced 16 consecutive days of inflows since their launch, indicating strong institutional demand [2] - On December 8, the inflows across four XRP ETFs totaled $38 million, with over 16 million XRP tokens acquired from the market [2] - In contrast, Bitcoin ETFs saw a net outflow of $60 million, while Ethereum ETFs had inflows of $35.49 million, and Solana ETFs only $1.18 million [3] Group 2: New Market Entrants - Asset manager 21Shares is preparing to launch its own XRP ETF and has submitted S-1 documentation to the U.S. Securities and Exchange Commission (SEC) [4] - The SEC filing includes a delaying amendment, indicating that 21Shares is awaiting either a CERT filing or formal SEC approval [4] - The latest amendment has reduced the product's management fee from 0.50% to 0.30% [5] Group 3: XRP Price Analysis - XRP price is currently testing the macro 0.5 Fibonacci support level at $2.04, representing a critical decision point [6] - A breakout above the $2.41 resistance level, with momentum towards $2.65, is necessary to confirm a bullish trend continuation [6] - If XRP falls below the $2.04 support, potential downside targets could be $1.73 and $1.64, aligning with the 0.618 macro support level [7]