XRP’s Wild Ride: Bulls, Bears, and the Absurdity of It All

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The week commenced with XRP, that most capricious of altcoins, displaying a burst of bullish bravado, soaring some 7% as if it had discovered the elixir of financial immortality. Alas, such exuberance was not to last, for by Wednesday it had plummeted with all the grace of a fallen aristocrat, continuing its descent into the abyss of market despair. Yet, in this melodrama of monetary fluctuations, a technical oracle-the TD Sequential-has whispered of a potential reprieve, a short-term rebound, provided the stars (or rather, the price supports) align favorably.

The TD Sequential: A Tool for the Desperately Hopeful

In a missive dispatched via the modern oracle of X on January 30, the soothsayer Ali Martinez proclaimed that XRP might yet claw its way back from the brink, contingent upon certain conditions being met. The TD Sequential, a contraption of technical analysis, purports to identify when a trend-be it upward or downward-is on the verge of exhaustion or, more dramatically, reversal. It is, in essence, a barometer for the fickle winds of market sentiment, though its predictions are as short-lived as a society hostess’s attention span.

This instrument of divination operates in two phases: the Setup Phase (counts 1-9) and the Countdown Phase (up to count 13), each with its own arcane interpretations. A completed “9” count suggests that selling pressure is waning, while a full “13” count heralds an imminent reversal, though whether this is a cause for celebration or despair remains to be seen.

TD Sequential Chart

From the chart proffered by our analyst, we observe a completed “9” count to the downside, indicating that the momentum behind XRP’s recent plunge is nearing its natural conclusion. Curiously, this signal coincides with the approach of a critical price support at $1.70. Should this support hold firm, XRP may yet stage a rebound, though one suspects it will be as fleeting as a socialite’s loyalty.

In the event that $1.70 proves its mettle, the $1.80-$1.85 range looms as the next obstacle, a resistance level that will test XRP’s resolve. Should it breach this barrier, $1.90 awaits, another battleground in this endless financial farce.

XRP ETFs: A Tale of Woe and Withdrawals

Meanwhile, in the realm of institutional investment, the tale grows grimmer. According to the chroniclers at SoSoValue, XRP Spot ETFs have suffered net outflows exceeding $69 million, a figure as unfortunate as it is substantial. The first three days of the week had seen a modest inflow of $23.87 million, but Thursday’s exodus of $92.92 million swiftly turned the tide, mirroring last week’s outflow of $40.64 million.

Such negative netflows suggest that institutional demand is waning, as more capital flees these ETFs than enters them. In the context of XRP’s recent downturn, it is tempting to lay the blame at the feet of these institutional investors, though one suspects they are merely following the crowd, like sheep in a panic.

Yet, let us not despair entirely. Negative ETF netflows are not always harbingers of doom but may signify profit-taking or de-risking, those prudent acts of self-preservation. As of this writing, XRP trades at $1.74, having shed 3.26% of its value in the past day, a modest decline in this grand theater of financial absurdity.

XRP Price Chart

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2026-01-31 16:16