Crypto markets came under fresh pressure on Thursday morning. XRP was caught in the sell-off as it briefly slipped below $1.3 before clawing its way back above that level.<\/p>\n
Fresh data suggests that woes for the crypto asset may not be over in the short term, but the broader picture remains strong.<\/p>\n
XRP could see another dip before making a stronger recovery, according to Ali Martinez. The token appears to be moving within a parallel channel on the hourly chart. The analyst is watching<\/a> the $1.25 level for a potential buying opportunity. If XRP bounces from there, the price could climb toward $1.42. A stronger move could push it toward the channel\u2019s upper boundary at $1.6.<\/p>\n Separately, Martinez flagged multiple buy signals on XRP\u2019s chart, which hinted that a local bottom could be forming. The token has flashed a Sequential 13, followed by a TD 9 and an Aggressive 13. ChartNerd, meanwhile, identified<\/a> $1.5 as the level XRP needs to clear for a stronger move higher. A break could put $1.8 and $2 in focus.<\/p>\n On the institutional front, US-listed spot XRP ETFs attracted<\/a> $740,410 on October 14 after three consecutive days of zero net flows. Bitwise\u2019s fund was the sole beneficiary. So far this month, the ETFs have pulled in $12.8 million.<\/p>\n Ripple is expanding <\/a>its Wall Street presence, with Ripple Prime now offering swap financing for leveraged ETF strategies through its prime brokerage platform. The move comes after an expanded partnership with hedge fund manager Brevan Howard, which aims to broaden services for hedge funds and investment managers.<\/p>\n Meanwhile, Standard Chartered has launched<\/a> custody support for Ripple\u2019s RLUSD stablecoin through its DIFC branch in Dubai, which added another institutional link through its partnership with LMAX Group.<\/p>\n Additionally, XRP treasury firm Evernorth also made its Nasdaq debut<\/a> on October 12 following a merger with Armada Acquisition Corp. II. The company holds around 473 million XRP and has named Ripple, Kraken, Coinbase, and BitGo as execution partners. The group plans<\/a> to help deploy Evernorth\u2019s crypto holdings into institutional strategies starting in the fourth quarter of 2026.<\/p>\n The post XRP Flashes Multiple Buy Signals Even as Struggle Near $1.30 Continues<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Crypto markets came under fresh pressure on Thursday morning. XRP was caught in the sell-off as it briefly slipped below $1.3 before clawing its way back above that level. Fresh data suggests that woes for the crypto asset may not be over in the short term, but the broader picture remains strong. Possible Bottom? XRP […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-240178","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240178"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=240178"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/240178\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=240178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=240178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=240178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Zooming Out<\/h2>\n