XRP (CRYPTO: XRP) continues trading around $1.10 as weekly ETF data through July 9 shows $7.29 million in net outflows that put a nine-week inflow streak at risk.
The Nine-Week Streak Could End Today
XRP spot ETFs pulled in cumulative inflows of $1.48 billion across nine straight positive weeks, including through some of the heaviest price weakness of the year.
The weekly data through July 9 already shows $7.29 million in net outflows, meaning Friday’s unreported numbers will decide whether the streak survives or snaps for the first time in ten weeks.
Even if the streak ends, the cumulative $1.48 billion in inflows remains intact.
But a first negative weekly close would mark a notable shift in sentiment at exactly the moment XRP is attempting its most technically important breakout of the year.
XRP Holders Are Frustrated With The Kansas Jayhawks Jersey Deal
Ripple’s sponsorship deal with the University of Kansas, placing XRP patches on Jayhawks team jerseys, drew sharp backlash from the XRP community this week.
While CEO Brad Garlinghouse called it a rare moment where his professional and personal worlds collide, many holders responded with frustration rather than enthusiasm.
One user wrote directly to Garlinghouse: “Why don’t you do what you said you would do with XRP and become the bridge asset of world finance? Stop ding around.”
Others questioned whether jersey patches served XRP holders at all, with one writing “Sell XRP to the bag holders then spend the proceeds on jersey patches” and another asking “Yo what the actual f yall got XRP on these jerseys but the price of XRP is at $1.08.”
Third Breakout Attempt Carries More Weight Than The First Two
XRP is pressing against the year-long descending trendline for the third time. The first attempt failed at $1.30.
The second collapsed. RSI bullish divergence backs this third attempt, with price printing lower lows while RSI held higher lows, confirming underlying momentum building even through the price weakness.
RSI now sits at 47.16, recovering from June’s oversold extreme. The full EMA stack remains bearish with the 20 EMA at $1.1119, 50 EMA at $1.1705, 100 EMA at $1.2712, and 200 EMA at $1.4801 all sitting overhead as resistance levels.
A daily close above $1.1119 would be the first confirmation this attempt is different from the last two. Until that prints, the channel rules still apply with $1.00 to $1.05 as the demand zone floor below.
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