BroadChain News, April 26, 08:06, according to NewsBTC, XRP has been oscillating narrowly in the $1.37 to $1.45 range for several days, with each pullback forming a higher low, indicating accumulation of buying pressure. The hourly chart shows a symmetrical triangle pattern, and analysts predict a breakout could lead to an approximately 10% gain. However, the $1.45 resistance level has been defended multiple times by sellers, with the 50-day moving average below the 200-day moving average forming a "death cross." Trading volume is low, and neither bulls nor bears have taken the lead.
The MACD indicator turned bullish in mid-April for the first time since January, with a similar signal previously driving XRP up 25% to $2.40 within seven days. On-chain data shows that whales accumulated 360 million XRP in the week of mid-April, while spot XRP ETFs saw net inflows of $55 million during the same period, the highest weekly level this year. Cumulative ETF fund flows have rebounded to $1.27 billion, with Goldman Sachs holding the largest institutional position.
On March 17, the U.S. SEC and CFTC officially classified XRP as a digital commodity rather than a security, ending years of legal disputes and clearing the way for institutional capital inflows.