Last week, the performance of SOL spot ETFs was quite interesting. Bitwise's BSOL entered over $33.9 million that week, with total net inflows reaching $767 million, indicating that institutional investors' interest in Solana remains quite stable. Invesco & Galaxy Digital's QSOL also saw a slight inflow that week, although the size wasn't large, this type of diversified crypto asset ETF product line is indeed gradually improving. However, Fidelity's FSOL experienced a net outflow of over $10 million that week, which was a bit surprising. So far, the total assets of SOL spot ETFs are approximately $807 million, accounting for nearly 1.66% of SOL's total market cap, with cumulative net inflows reaching $958 million. In comparison, XRP spot ETFs were a bit quiet that week, with net outflows of over $4 million. It seems that market enthusiasm for XRP is not as high as for SOL at the moment, which also reflects the different priorities of assets in institutional allocations.

I have been following the analysis of one of the best chartists in the crypto space, egrag, and he has a very interesting perspective on XRP that deserves attention. Basically, people are very focused on daily news and short-term volatility, but egrag argues that this is exactly what you should not do. According to him, what really matters is the long-term price structure. Looking at the technical roadmap he mapped out, there are some very critical levels to watch. First, there's the issue of confirming a breakout above the $1.40 region – and here’s the interesting detail, because XRP is already trading around $1.44 now, so it has technically already passed this level. Then comes the invalidation of the downtrend, which would occur above $2.20. And if all this is confirmed, the cycle could point to a much more ambitious target, around $27. The point that egrag raises is that most traders get caught up in short-term noise and lose sight of the bigger picture. If you can ignore the daily headlines and focus on the structure, you can see that a relevant technical setup is forming. It’s worth monitoring how XRP behaves at these key levels in the coming periods.

I just looked at the XRP charts and couldn't believe my eyes — the RSI on the daily chart dropped to 17, and on the weekly below 28. These are historic lows that the coin has never touched before. At the same time, the entire crypto market is losing money — yesterday a minus of 311 billion in one day, the largest single-day decline since October of last year. XRP retreated by 19.71% yesterday, marking the sharpest intraday drop in the past five years. The coin is now holding at around $1.30, having lost support at $1.40 and $1.50. Over the week, the crypto market shed $369 billion in value, with XRP alone contributing $18 billion to these losses. For context, this decline even surpassed the crashes of Terra in 2022 and the FTX collapse of the same year. An interesting point: despite such extreme conditions, XRP remains above the psychological $1 mark. When RSI is at such extreme lows, it usually signals that sellers are nearing exhaustion. Plus, if you look at XRP's entire history and its previous highs, the current levels appear as classic oversold territory. Analysts say that at such indicators, the market could be ready for a rebound, but it depends on the overall structure. If sentiment remains bearish, the decline could continue.