Recently, I noticed a very strange thing: the XRP spot ETF sucked in more than $10 million yesterday, and as a result, the price was stuck at the position of 2.04, fluctuating up and down by no more than 1 point, as if frozen. It stands to reason that funds continue to flow in, and the price should react a little, right? But the reality is like this - the money comes in, and the currency price does not move at all. This is either someone holding back their big move and preparing to pull the market, or they are digging a hole and waiting for retail investors to jump. From the news level, institutional funds are indeed entering the market silently, and the continuous net inflow of ETFs is there. But the price is not cooperative, and there is even pressure to pull back. This divergence often means that either the main force is using good news to cover shipments, or it is suppressing prices to absorb chips. Looking up, the pressure in the area from 2.08 to 2.11 is very heavy, like a ceiling, and whoever rushes up may be suffocated. The technical level is more interesting. On the hourly chart, XRP is stuck in two ranges: 2.04-2.05 above is the rebound resistance, and 2.01-2.017 below is short-term support. MACD made a golden cross below the zero axis, but the trading volume could not keep up, and this rebound was basically a "false shot". The key point is below: the range of 2.025 to 2.042, which is likely to be the main position opening cost area. If the price really falls to this position, there is a high probability that funds will take over. Now it is waiting for a choice in one direction - either break through 2.05 to start a counterattack, or break 2.01 to test the lower support. It is the most uncomfortable to go up and down here.

Let's talk about an interesting phenomenon - In the top ten cryptocurrencies, there is a project that is particularly "unconventional": It was ridiculed for being technologically old. It was complained that the increase was touching. It was questioned that it was long overdue. But the strange thing is that XRP has gone through multiple cycles of baptism from 2013 to the present, and its position is still as stable as nailed to the list. Why? The answer lies in its underlying logic - XRP is not driven by retail sentiment at all, it plays a different set of rules of the game: Connector of global banking networks, participant in cross-border payment systems, potential alternative to the SWIFT system. While other currencies chase hot spots, speculate on narratives, and fight for communities, XRP takes a completely different path: compliance first, institutional endorsement, and infrastructure layout. Today, dismantling this "veteran" from several dimensions, you will find - XRP is really not sexy, but it has the most beat-up chassis in the entire industry. It is not its turn to get rich, and it cannot be found even if it dies violently. **(1) Why is XRP's price curve "stable" uncomfortably? ** **Because the pricing power is not in the hands of retail investors** Let's take a look at the key data: XRP Token is highly concentrated in the top 100 holding addresses. Long-term holders rarely participate in short-term games. Bear market crash? Don't follow. The bull market is rising? No pursuit. This position structure directly leads to: It won't skyrocket due to FOMO, nor will it plummet due to panic. The typical institutional-level asset trend characteristics are completely different from those SOL and SUI that rely on hot money to drive, not to mention the pure emotional roller coaster of MEME.

The XRP spot ETF attracted more than $10 million in a single day yesterday, or $10.23 million to be exact. The mainstream coins that have entered the market through ETFs now include SOL, LTC, HBAR, DOGE, LINK, and XRP. Interestingly, the people on Wall Street and American retail investors are the ones who buy XRP the most? Many people have always thought that SOL is the favorite of institutions, but from the perspective of capital flow, this does not seem to be the case. XRP's performance was indeed a bit unexpected, and ETF funds voted with their feet.