XRP Sentiment Hits Extreme Fear as TD Sequential Flashes Early Reversal Signal

XRP has entered a compression zone amid rising institutional demand and stagnant price action, with recent ETF inflows exceeding $756 million over 11 days, indicating a potential trend reversal. This situation has traders speculating on a significant price movement ahead.

A prominent crypto investor has made headlines by selling all of his Bitcoin holdings, which he initially purchased at $3,000, to invest entirely in XRP. This decision comes amid a turbulent market where Bitcoin's price has dropped significantly, while XRP is also facing a downturn, with recent reports indicating a negative shift in social sentiment towards the token.

21Shares has submitted its fifth amendment to the S-1 filing for its XRP exchange-traded fund (ETF), indicating progress towards a potential launch this week. This amendment reflects ongoing efforts to meet regulatory requirements and market expectations for the ETF.

A new Bitcoin ETF proposal named 'AfterDark' aims to capitalize on the observation that Bitcoin gains predominantly occur outside of regular U.S. trading hours. This fund would exclusively hold Bitcoin overnight, potentially offering investors a unique opportunity to benefit from after-hours price movements.

The latest Digital Asset Fund Flows Weekly Report from CoinShares indicates a significant shift in institutional investment from Ethereum to XRP, with Ethereum's inflows lagging behind other major cryptocurrencies despite an overall positive sentiment in the crypto market.

XRP has underperformed in the cryptocurrency market as a sudden surge in Bitcoin led to $387 million in liquidations. The token's technical outlook remains uncertain, with support at $2.05 and resistance at $2.17, prompting traders to monitor for volume expansion.

Dogecoin has experienced a notable surge alongside Ether, which has risen by 8%, indicating a potential bullish reversal for memecoins. This breakout has established a continuation zone, contingent on bulls maintaining the mid-range pivot recently reclaimed.

Aptos (APT) has seen a notable rise of 8% after successfully breaking through the $1.80 resistance level, characterized by strong trading volume and positive technical momentum. This increase marks a significant recovery for the token, which had faced recent challenges in the market.