Key Takeaways
- XRP achieved a sentiment ratio of 2.35 this week, the highest reading in five weeks, while BTC and ETH remain in bearish territory
- XRP ETF products recorded over 40 consecutive days of net inflows, totaling roughly $150 million since January
- Japanese financial giant SBI Holdings launched a $65 million bond denominated in XRP, and Aviva Investors announced plans to tokenize funds on the XRP Ledger
- XRP price action remains subdued around $1.40, trading below key moving averages with critical resistance levels at $1.51 and $1.60
- The broader crypto Fear & Greed Index crashed to 9, matching post-FTX collapse lows, despite improving XRP-specific sentiment
Analytics platform Santiment reports that XRP’s sentiment ratio climbed to 2.35 this week, marking its most bullish reading in more than five weeks.
In stark contrast, Bitcoin’s sentiment ratio sits at just 1.05, with Ethereum recording 1.4. Both flagship assets remain trapped in neutral or bearish sentiment territory. XRP distinguishes itself as the only major cryptocurrency demonstrating clear bullish sentiment momentum.
This optimistic shift appears rooted in concrete institutional developments.
Japanese financial powerhouse SBI Holdings launched a $65 million blockchain-backed bond that pays interest in XRP. The offering represents the first retail-accessible bond of its kind within a fully regulated market.
Meanwhile, Aviva Investors, which manages over $275 billion in assets, announced plans to tokenize investment products on the XRP Ledger.
Ripple CEO Brad Garlinghouse recently joined the CFTC’s Digital Asset Innovation Advisory Committee.
Three major European banks with combined assets exceeding $3.4 trillion integrated Ripple’s payment infrastructure in February. Ripple has committed nearly $3 billion toward strategic acquisitions to strengthen its custody, brokerage, and treasury operations.
ETF Inflows Continue Despite Price Stagnation
XRP exchange-traded products registered over 40 consecutive trading days of net inflows before a brief pause, accumulating approximately $150 million since the beginning of the year. During the same period, Bitcoin and Ethereum ETFs saw capital withdrawals.
The Bitwise XRP ETF alone attracted $3.04 million on February 25, bringing its assets under management to $255.98 million.
This institutional demand continued even as XRP-USD traded around $1.45, following a three-month drawdown of roughly 35%.
Key Technical Levels Block Upside Movement
Despite positive fundamental developments, XRP’s price remains stuck in neutral territory. The token trades near $1.40, sitting below both the 50-day and 200-day moving averages.
Attempts to rally past $1.51 and $1.60 have been repeatedly rejected by sellers. Immediate overhead resistance sits at $1.41 and $1.42, with downside support holding at $1.38.
If XRP breaks below $1.38, the next support zones emerge around $1.34 and $1.31.
The market-wide Fear & Greed Index collapsed to 9 this week, equaling its lowest level since the FTX exchange collapse. Bitcoin hovers near $65,000 after suffering $3.8 billion in ETF outflows over five consecutive weeks.
Historical patterns show XRP typically moves about 1.8 times more than Bitcoin during market selloffs. On February 5, Bitcoin dropped 8% while XRP tumbled 15%.
Despite continuous institutional buying, the Bitwise XRP ETF’s 1-day technical indicator shows a Strong Sell signal.
As of February 27, XRP holds above its 100-hourly Simple Moving Average, with buyers actively defending the $1.38 support zone.
