Crypto expert X Finance Bull has highlighted how Institutions collect XRP amid the crypto market crash. His comment comes amid the decline in XRP price below the psychological level of $1.6, which has further fueled bearish sentiments among retail investors.
Institutions Still Accumulating Amid XRP Price Crash
In one X messageX Finance Bull noted that while retail investors are panicking over XRP’s price crash, institutional investors continue to accumulate the Ripple-linked token. The crypto expert pointed to the influx in XRP ETFswhile Bitcoin and Ethereum ETFs continue to see outflows. Based on this, he stated that the rotation is beginning, with institutional investors switching from BTC and ETH to XRP.
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SoSoValue data show that Bitcoin and Ethereum ETFs recorded outflows of $1.61 billion and $353 million respectively on January 30. Meanwhile, the XRP ETFs recorded net inflows of $15.6 million. X Finance Bull noted that these inflows may be small now, but the direction matters. He further noted that institutions are not chasing the hype choppy markets but rather a position for fundamental matters.
The crypto expert also noted that the inflows into XRP ETFs, while Bitcoin and Ethereum ETFs bleeding, are not random. He highlighted the fundamentals that are bullish for the XRP price despite the current market crash. This also includes the token’s cross-border payments utility, which he says solves a “four billion dollar problem.” He added that there will be clarity on regulations and that the infrastructure is already in place.
X Finance Bull expects the XRP price to be among the first to recover when the market recovers, noting that capital is flowing into utilities. He added that the smart money is already at the forefront of that shift. The crypto expert also believes that those investing in XRP now are still early, as the XRP ETFs just registered $1.18 billion. cumulative inflow in three months.
Two potential paths for the Altcoin right now
Crypto analyst Eggag Crypto has highlighted two paths for the XRP price after the drop below $1.60. He stated that the first path is a double liquidity grab, where a bouncing relief From here it happens, followed by a second liquidity operation and then an expansion. His accompanying chart showed that the second wave of liquidity could occur around $1.3.
Meanwhile, the second path of the XRP price is a direct expansion, which aligns with the cycle fractal. Egrag Crypto stated that if history rhymes, the altcoin could post a gain of 340%, similar to the 2021 bull cycle, or a bigger gain of 1,600%, similar to that of 2017. bull cycle. A 340% increase and a 1,600% increase would put XRP at $7 and $27 respectively.
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At the time of writing, the XRP price is trading around $1.54, down more than 7% in the last 24 hours. facts from CoinMarketCap.
Featured image from Freepik, chart from Tradingview.com