XRP price slides back towards key support — will rising short interest force a retest of $1.90?

WLFI price has formed a hidden bullish divergence after reclaiming the point of control, indicating a potential shift in market structure and an upward price movement towards $0.18. This development comes amid a backdrop of significant buyback activity by the Trump-backed firm, aimed at stabilizing the token's value.

XRP exchange-traded funds (ETFs) have extended their record inflow streak to 13 consecutive days, approaching the $1 billion milestone, reflecting a significant surge in institutional interest in the cryptocurrency. This trend indicates a growing confidence among investors in XRP's market potential.

Bitcoin has successfully reclaimed the $93,000 mark, continuing its relief rally that began earlier in the week. This recovery follows a sharp selloff in the cryptocurrency market, where Bitcoin had previously dipped below $90,000. Analysts express cautious optimism, noting that this uptick may indicate a shift in market sentiment after a prolonged bearish phase.

XRP exchange-traded funds (ETFs) have seen a significant increase in holdings, reaching $915 million following new purchases, indicating a growing institutional interest in diversifying cryptocurrency investments beyond Bitcoin and Ethereum.

XRP is currently demonstrating resilience as it coils tightly around a crucial support level, showing a refusal to drop further despite bearish pressures in the broader cryptocurrency market. Analysts have noted that this level has been tested and respected, indicating a potential for a reversal in price momentum.

XRP is currently at a pivotal trading point, with market speculation divided between a potential rise to $3 or a decline towards $1.20. This uncertainty comes as the cryptocurrency market experiences fluctuations, with XRP trading around $2.18 and maintaining a significant market cap of $131 billion.

Dogecoin's price is currently compressing into a symmetrical triangle pattern, trading at $0.1507, reflecting a 0.5% increase in the past 24 hours. This price action occurs amid fresh regulatory and institutional updates that are tightening the market structure, indicating a potential for a decisive breakout.

Bitcoin's price has surged above $93,000, marking a significant recovery from recent lows, while altcoins such as Cardano (ADA), Ethereum (ETH), and XRP have also seen notable increases. This upward movement comes amid warnings from traders about the possibility of a 'fakeout rally,' suggesting that the market may not sustain these gains.