The post $54 million leaves XRP ETFs as price reaches key $1.90 support appeared on BitcoinEthereumNews.com. XRP’s price was down 2.35% over the past 24 hours, The post $54 million leaves XRP ETFs as price reaches key $1.90 support appeared on BitcoinEthereumNews.com. XRP’s price was down 2.35% over the past 24 hours,

$54 million leaves XRP ETFs as price reaches key $1.90 support

XRP’s price was down 2.35% over the past 24 hours, trading at around the $1.90 level at press time.

However, market participation increased during the same period, with trading volume jumping more than 15% to $3.31 billion.

Rising volume during a price decline suggests heightened participation, often reinforcing the prevailing trend.

XRP price action and key level to watch 

Amid this uncertainty, AMBCrypto’s technical analysis of the daily chart revealed that XRP was at a make-or-break level of $1.90, which acted as a strong support for the asset.

Historically, whenever the price has revisited this level, it has recorded a strong upside move—something that has occurred more than five times.

Source: TradingView

Based on the current price action, if XRP manages to sustain above this key support level, it could see a price uptick similar to past moves.

On the other hand, if the asset fails to hold this support, it could experience a sharp price decline of around 27%, potentially falling to the next support level near $1.31 in the coming days.

As of now, the asset is trading below the 50-day Exponential Moving Average (EMA), indicating continued downside pressure and weak short-term momentum.

Mixed sentiment among traders and investors 

However, on an intraday basis, both traders and investors appeared to have a bearish outlook, according to data from the derivatives platform CoinGlass.

Over the past 24 hours, investors have moved a massive $8.15 million worth of XRP to exchanges, potentially in preparation for a sell-off.

Source: CoinGlass

At the same time, traders were heavily betting on short-leveraged positions.

According to the XRP Exchange Liquidation Map, traders are over-leveraged at $1.869 on the downside, where they have built $24.46 million worth of long positions.

Meanwhile, $1.947 represents another over-leveraged level, with $37.85 million in short-leveraged positions.

Source: CoinGlass

This indicates that current intraday market sentiment among traders remains bearish.

The persistent inflows into spot XRP Exchange-Traded Funds (ETFs) have come to an end, as sentiment appeared to be worsening.

XRP ETF outflows hit $54 mln

On the 19th of January, when the broader market struggled to gain momentum, a massive $53.32 million outflow was recorded from spot XRP ETFs, as per SoSoValue.

Source: SoSoValue

In ETFs, outflows indicate the withdrawal of capital from these funds and are considered a bearish signal. This reflects fading interest and declining confidence in the underlying asset among Wall Street investors and institutions.

However, this outflow stands out, as it followed a prolonged period of consistent inflows and marks only the second outflow since launch.

According to SoSoValue, spot XRP ETFs have never experienced any major outflows, recording just two outflows in their entire history.


Final Thoughts

  • XRP’s price action suggests that the current level represents a make-or-break zone, as it has a strong history of reversals.
  • Spot XRP ETFs recorded their second outflow of $53.32 million, pointing to fading institutional interest.
Previous: Makina exploit adds to growing list of DeFi attacks in early 2026
Next: Grayscale files for NEAR ETF as major altcoins bleed – What’s next?

Source: https://ambcrypto.com/xrp-at-a-make-or-break-support-level-can-price-bounce-from-1-90/

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.9228
$1.9228$1.9228
+0.44%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UNI Technical Analysis Jan 22

UNI Technical Analysis Jan 22

The post UNI Technical Analysis Jan 22 appeared on BitcoinEthereumNews.com. UNI is trading at the $4.82 level with a %3.92 drop intraday. While the primary downtrend
Share
BitcoinEthereumNews2026/01/23 06:45
Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO

The post Aave DAO to Shut Down 50% of L2s While Doubling Down on GHO appeared on BitcoinEthereumNews.com. Aave DAO is gearing up for a significant overhaul by shutting down over 50% of underperforming L2 instances. It is also restructuring its governance framework and deploying over $100 million to boost GHO. This could be a pivotal moment that propels Aave back to the forefront of on-chain lending or sparks unprecedented controversy within the DeFi community. Sponsored Sponsored ACI Proposes Shutting Down 50% of L2s The “State of the Union” report by the Aave Chan Initiative (ACI) paints a candid picture. After a turbulent period in the DeFi market and internal challenges, Aave (AAVE) now leads in key metrics: TVL, revenue, market share, and borrowing volume. Aave’s annual revenue of $130 million surpasses the combined cash reserves of its competitors. Tokenomics improvements and the AAVE token buyback program have also contributed to the ecosystem’s growth. Aave global metrics. Source: Aave However, the ACI’s report also highlights several pain points. First, regarding the Layer-2 (L2) strategy. While Aave’s L2 strategy was once a key driver of success, it is no longer fit for purpose. Over half of Aave’s instances on L2s and alt-L1s are not economically viable. Based on year-to-date data, over 86.6% of Aave’s revenue comes from the mainnet, indicating that everything else is a side quest. On this basis, ACI proposes closing underperforming networks. The DAO should invest in key networks with significant differentiators. Second, ACI is pushing for a complete overhaul of the “friendly fork” framework, as most have been unimpressive regarding TVL and revenue. In some cases, attackers have exploited them to Aave’s detriment, as seen with Spark. Sponsored Sponsored “The friendly fork model had a good intention but bad execution where the DAO was too friendly towards these forks, allowing the DAO only little upside,” the report states. Third, the instance model, once a smart…
Share
BitcoinEthereumNews2025/09/18 02:28
Pi Coin Price Prediction: Critical Support Level is Being Tested – Long-Term Setup Could Surprise Everyone

Pi Coin Price Prediction: Critical Support Level is Being Tested – Long-Term Setup Could Surprise Everyone

The Pi Coin price prediction has become much more bullish today, after the alt bounced strongly off a key support level.
Share
Coinstats2026/01/23 06:44