XRP Surges, Bitcoin ETFs Rebound, SHIB Floods Markets

by

XRP price increases 6% while Bollinger Bands forecast upside to $1.50

After climbing 6% to $1.44, XRP’s upper Bollinger Band sits near $1.51, highlighting potential upside toward the $1.50 level on the daily chart. One might say the market, ever fickle, has found a momentary reprieve from its usual tempests.

This increase followed a rough start to the year. XRP had already dropped 10.6% in January and an additional 13.8% in the first part of February. This significant daily increase is notable because it occurred when key technical indicators turned positive. A miracle, some might argue, though others would call it a mere fluctuation in the eternal dance of greed and fear.

Look at the daily chart, where the Bollinger Bands – a widely used tool that measures price volatility – now show the upper band at $1.51. The middle band is at $1.42, and the lower band is at $1.34. The price of XRP closed near the middle band and is pushing higher. If the buying continues, this setup is a clear sign that $1.50 is the next realistic target. Or perhaps it is merely a fleeting illusion, as the market’s capricious nature has shown time and again.

HOT Stories

XRP Sees 6% Increase as Bollinger Bands Signal Momentum, Bitcoin ETFs Record Renewed Inflows, 549 Billion SHIB Enter Circulation – U.Today Crypto Digest

LinkedIn Founder Holds $6 Million Worth of Ethereum (ETH)

Additionally, the 14-day RSI sits at 44.75. This remains in neutral territory, indicating there is potential for further upside without the coin becoming overbought. A precarious balance, akin to walking a tightrope over a chasm of uncertainty.

Bitcoin ETFs are back: $258 million in 24 jours recorded

Bitcoin ETF sees a substantial comeback as more than $250 million in inflows have been secured. A tale of redemption, or perhaps a mere respite before the next storm.

There are conflicting signals coming from institutional flows and price action as Bitcoin moves through a period that raises a lot of questions. One wonders if the market’s heart is truly changed, or if it is merely playing the same old game of pretend.

Although BTC is still trading in a structurally bearish environment and is below major moving averages on the chart, recent data on inflows into spot ETFs indicates that institutional demand has not vanished. Alternatively, it might be shifting positions while the market looks for a floor. A curious dance, indeed.

On Feb. 24, there was a net inflow of $258 million into Bitcoin spot ETFs, according to SoSoValue. With a net inflow of $82 million, Fidelity’s FBTC led the session and had one of the biggest single-day contributions from issuers. A spectacle of greed, if ever there was one.

Grayscale ETH recorded $11 million in net inflows, while Ethereum spot ETFs reported $9 million in total. The data indicates that following weeks of uncertainty, institutional participation has clearly returned. Or perhaps they were never gone, merely waiting for the right moment to reappear.

549 billion Shiba Inu (SHIB) injected: Exchange inflows reach uncomfortable levels

Shiba Inu witnesses a solid injection of capital into exchanges, with a great possibility of a bearish momentum continuation. A cautionary tale of excess, as the market teeters on the edge of chaos.

With exchange inflows increasing significantly, and approximately 549 billion SHIB heading toward exchanges, Shiba Inu is once again confronted with a challenging technical and on-chain environment. A situation that would make even the most stoic investor blush with embarrassment.

This development, when coupled with the existing market structure, raises significant concerns about the asset’s ability to sustain stability in the near future, and whether further downside pressure is imminent. A question that haunts every investor, yet remains unanswered.

SHIB is still stuck in a larger downward trend when looking at price action. With moving averages sloping downward and serving as dynamic resistance, the chart displays several lower highs and lows that are persistent. A cruel mirror of the market’s disdain.

Buyers are still hesitant, as evidenced by the lack of strong continuation in even recent attempts to bounce. The price made a brief attempt to rise but soon stalled close to local resistance, indicating that sellers are still in charge of momentum. A testament to the market’s unrelenting cruelty.

The picture presented by the on-chain side is equally cautious. Increasing inflows and exchange reserves usually mean that holders are moving tokens to exchanges, which is frequently a prelude to selling activity. A harbinger of doom, if ever there was one.

The scale currently visible indicates a greater willingness among market participants to liquidate positions rather than accumulate, even though inflows alone do not ensure a sell-off. At a moment when demand already appears precarious, this tips the market balance in favor of supply. A tragedy in the making, perhaps.

Read More

2026-02-27 01:25