Gate News, April 11, according to data from SoSoValue, yesterday (U.S. Eastern Time on April 10), the XRP spot ETF recorded a total daily net inflow of $9.0939 million. Among them, Bitwise XRP ETF(XRP) had a daily net inflow of $7.6149 million, with a cumulative net inflow in history reaching $388 million; Franklin XRP ETF(XRPZ) had a daily net inflow of $1.4790 million, with a cumulative net inflow in history reaching $324 million. As of the announcement time, the total net asset value of the XRP spot ETF is $968 million, the XRP asset ratio is 1.16%, and the cumulative net inflow to date has reached $1220T.

#GateLaunchesPreIPOS XRP Technical Outlook: Bearish Trend with Weak Range Formation XRP continues to respect a broader descending channel, with price now consolidating near the lower boundary after a strong sell-off. The structure suggests distribution rather than accumulation, unless key resistance levels are reclaimed. Currently, XRP is trading around $1.35–$1.37, struggling to gain bullish momentum. EMA Structure (Clear Bearish Alignment) 20 EMA: $1.35 50 EMA: $1.41 100 EMA: $1.57 200 EMA: $1.83 Price below all major EMAs 20 < 50 < 100 < 200 → strong bearish alignment Rejections from EMA cluster continue No sign of bullish crossover Fibonacci Levels 0.786 Fib: $3.11 0.618 Fib: $2.69 0.5 Fib: $2.39 0.382 Fib: $2.09 0.236 Fib: $1.71 Fib 0: $1.11 Price below 0.236 ($1.71) → confirms HTF breakdown Trading close to macro support zone Limited upside unless structure shifts Market Structure Strong downtrend channel intact Lower highs & lower lows continue Sideways consolidation near support ($1.30–$1.37) Weak bullish attempts failing quickly Liquidity likely resting below $1.30 RSI Momentum RSI: 42–49 Below 50 → bearish bias No strong divergence Momentum remains weak 📊 Key Levels Resistance $1.37–$1.42 (range high / EMA zone) $1.57 (100 EMA) $1.71 (0.236 Fib – major resistance) Support $1.30 (range support) $1.20–$1.15 (demand zone) $1.11 (macro support / Fib 0) 📌 Summary XRP remains in a strong bearish structure, with current price action showing weak consolidation near support rather than a reversal. Failure to break above $1.40 keeps downside pressure intact Price compression near support increases breakdown risk Overall trend remains bearish 📉 Scenarios 🔴 Bearish Case: Break below $1.30 → move toward $1.20 → $1.11 🟢 Bullish Case: Reclaim $1.42 → push toward $1.57 → $1.71 XRP is at a critical support zone, where a breakdown could trigger the next leg down, while a reclaim of resistance is needed to shift short-term momentum. $XRP ‌#USIranCeasefireTalksFaceSetbacks

🚨 SENATE RETURNS APRIL 13 FOR XRP CLARITY ACT DECISION! - XRP holds steady at $1.34 as traders eye potential regulatory breakthrough. - Congress resumes from Easter recess on April 13, with Banking Committee markup targeted for mid-month.#GateSpotDerivativesBothTop3 $BTC - The Act would classify XRP as a digital commodity, providing legal certainty for banks and asset managers. - Analysts forecast $4-8B in additional XRP ETF inflows if the bill advances.$XRP