Historical 1. 8B XRP accumulation highlights $1. 75 as a key support, reinforcing the level’s importance. TD Sequential flashes a buy signal, boosting confidence in XRP’s short-term recovery. ETF inflows and upcoming XRP ETF launches strengthen the market outlook. Amid bearish momentum, the XRP price reached an intraday low of $1. 89, a decline of over 2% in the last 24 hours and more than 16% in the last week. Notably, some analysts had predicted XRP could even fall below $1 as the bearish momentum intensified. However, the coin soon found support at the $1. 85 level and is now making another attempt at the $2 level. 1. 8 Billion XRP Bought at Key Level According to a chart shared by analyst Ali Martinez, 1. 8 billion XRP were previously purchased at around $1. 75, establishing this as a significant support level. Furthermore, the analyst said in a separate post that the TD Sequential indicator has flashed a buy signal for XRP. This indicator has historically predicted XRP’s bottoms, often leading to notable upside moves. Specifically, Martinez noted that XRP rebounded by 14% and 18% in the last two instances when the TD Sequential indicator flashed a similar signal. XRP ETF Inflows to Boost Outlook Another factor supporting the bullish outlook is the ongoing trend of inflows into XRP ETFs. On Friday, XRP ETFs from Bitwise and Canry Capital recorded total inflows of $11. 89 million. Cumulative total net inflow into XRP ETFs has now reached $422. 66 million just one week after launch. More ETFs Set to Launch Grayscale will list its XRP (GXRP) spot ETF on NYSE Arca on Monday, expanding the company’s lineup of more than 40 crypto products. Meanwhile, 21RP ETF is nearing launch. Related: Bitwise and 21RP Price Rebound Next? The firm has been preparing the product for launch and updated its S-1 on Nov. 7, though earlier filings included language suggesting the debut might not happen in late November. Analysts remain optimistic about an imminent launch. A fresh filing on Nov. 20 confirms that the ETF will list on Cboe BZX under the ticker TOXR, carry a 0. 50% fee, and start with $500,000 in seed capital (20, 000 shares at $25 each).
https://bitcoinethereumnews.com/tech/xrp-shows-signs-of-recovery-as-etfs-and-buy-signals-strengthen-outlook/
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Ether.fi price hits 8-month high amid 25% spike
Ether.fi Price Surges 25% to Eight-Month High Amid Broader Crypto Rally
Ether.fi (ETHFI), the native token of the decentralized and non-custodial Ethereum staking protocol, experienced a significant price surge, rising over 25% within 24 hours to reach an eight-month high of $1.79. This marks a sharp uptick from previous levels and represents prices last seen in January 2025.
The notable pump coincided with a substantial increase in trading volume, which soared by 123% to more than $225 million. With these double-digit gains, ETHFI emerged as one of the top performers among the 100 largest cryptocurrencies by market capitalization, consolidating its position after breaking above the $1.40 resistance level.
Ether.fi Price Rally Follows Ethereum’s Surge to $4,500
This breakout mirrors the broader crypto market momentum, where Bitcoin (BTC) recently shrugged off concerns surrounding the United States government shutdown to break past the $120,000 resistance mark. Ethereum (ETH) also reclaimed the $4,500 level, bolstering several top Ethereum-based projects, including Ether.fi, Ethena, and EigenLayer.
Amid heightened volatility among major altcoins, ETHFI appears poised for a potential retest of the $2.00 mark, signaling strong bullish sentiment.
Recent Developments Fueling Momentum
Several recent developments have contributed to Ether.fi’s rally. Notably, Ether.fi’s integration with crypto platform FalconX and its listing on Upbit have provided additional catalysts for growth.
FalconX, a leading digital assets prime brokerage, recently partnered with Ether.fi to support eETH, a liquid Ethereum restaking token. eETH is now accessible across FalconX’s spot, derivatives, and custody solutions, enabling institutional clients to access over-the-counter liquidity for this innovative token.
Joshua Lim, Global Co-Head of Markets at FalconX, commented on the integration: “By supporting eETH across our platform, we’re enabling clients to engage with one of the fastest-growing restaking protocols in ways that fit seamlessly into their existing strategies.”
Ether.fi’s Total Value Locked Surpasses $11 Billion
The protocol’s total value locked (TVL) currently stands at over $11.26 billion, underscoring its growing prominence within the decentralized finance (DeFi) ecosystem.
As Ether.fi continues to build momentum alongside the broader Ethereum ecosystem, market participants will be closely watching its price action and adoption trends in the coming weeks.
https://crypto.news/ether-fi-price-hits-8-month-high-amid-25-spike/