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I just looked at the XRP price — Ripple is currently holding around $1.43, but yesterday there was a 1.85% drop. The feeling is that bears are pushing, even though it was in the green yesterday. Interestingly, ETF inflows for XRP continue to show net inflows — this somewhat contradicts the overall market sentiment.
The technical picture looks ambiguous. Support at $1.27 seems important — if we break below, there could be further decline. Resistance at $1.42 is very close, but we haven't broken through yet. The trend appears to be at a turning point, somewhere between bullish and bearish.
What’s interesting is that around $2.3 billion worth of tokenized assets are currently locked on XRPL. That’s a pretty solid volume for real-world assets. If this starts to grow, Ripple’s price could find support from below.
For trading, I see two scenarios: if we break above $1.42, the target level is $1.50. But if we fall below $1.30, we’ll test $1.27. Keep an eye on these levels, they are key right now.