XRP spot ETF has already accumulated assets worth $1.25 billion, which is enough to demonstrate the continued interest of institutional buyers. However, the price performance has not been as strong — dropping from $1.88 to $1.86, although it rebounded today to $1.87 (up 1.1%), but overall it is still oscillating within a narrow range of $1.85 to $1.91.

What is more concerning is that every time the price pushes above $1.90, it encounters stiff selling pressure, with trading volume 76% higher than the average. What does this indicate? Large sums of capital are rushing to exit at this level. This kind of price-volume divergence is usually a signal in technical analysis: a short-term top pattern is gradually forming, and the subsequent pullback pressure may not be negligible.

For investors, the continuous growth of ETF assets indeed sends a positive signal — institutions are quietly positioning. But it also indicates that the risk of retail investors chasing the rally is increasing, and buying at high prices could easily lead to being trapped. Instead of rushing in now, it’s better to wait until the price truly breaks above $1.91 and stabilizes, at which point the safety margin will be sufficient. At the current level, the risk-reward ratio is indeed limited.