{"id":23741,"date":"2026-03-12T17:49:17","date_gmt":"2026-03-12T17:49:17","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-enters-wyckoff-accumulation-as-wall-street-demand-fades\/"},"modified":"2026-03-12T17:49:20","modified_gmt":"2026-03-12T17:49:20","slug":"xrp-price-enters-wyckoff-accumulation-as-wall-street-demand-fades","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-enters-wyckoff-accumulation-as-wall-street-demand-fades\/","title":{"rendered":"XRP price enters Wyckoff accumulation as Wall Street demand fades"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price has gone nowhere in the last 30 days as third-party data reveals that demand from Wall Street investors has stalled.<\/p>\n<div id=\"cn-block-summary-block_addca78214835bdf76e450804d0cd11e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price has remained in a narrow range in the last 30 days.<\/li>\n<li>Demand from Wall Street investors has waned in this period.<\/li>\n<li>The coin could be in the accumulation phase of the Wyckoff Theory.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ripple (XRP) token was trading at $1.3825 today, March 12, inside a range it has remained at in the past few weeks. This price is 63% below its highest point last year.<\/p>\n<p>Data compiled by <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-xrp-spot\" target=\"_blank\" rel=\"nofollow\">SoSoValue<\/a> shows that spot XRP ETFs have shed over $26 million in assets this month. This is the first month that these funds have experienced outflows since they were launched in November.<\/p>\n<p>The numbers show that the funds did not experience any inflow on Wednesday. Before that, they experienced outflows in the previous four consecutive days. They now hold $985 million in assets under management.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>A recent report showed that some of the biggest companies in Wall Street holds XRP ETFs. Goldman Sachs holds XRP ETFs worth $154 million, and is followed by top companies like Millennium Management, Logan Stone Capital, Citadel, and Jain Global.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Who are these buyers\/holders? Well we only know a small portion of them because the vast majority don&#8217;t file 13Fs. But here are the holders as of 12\/31\/2025 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ymIyy1mobx\">pic.twitter.com\/ymIyy1mobx<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JSeyff\/status\/2031373093139034395?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 10, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>More data shows that demand for XRP has dropped in the past few weeks. For example, according to CoinGecko, the daily volume stood at $2.3 billion today, down from over $4 billion the same day last week.<\/p>\n<p>XRP\u2019s futures open interest has dropped in the past few months, moving from last year\u2019s high of over $10 billion to $2.4 billion today. The same has happened in the CME, where futures contracts are seeing weak demand.<\/p>\n<h2 class=\"wp-block-heading\">XRP price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Ripple price chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n<p>The four-hour chart shows that the Ripple token has remained in a narrow range in the past few months. It has remained inside the key support and resistance levels at $1.3160 and $1.4627.\u00a0<\/p>\n<p>The volatility has dropped, with the Average True Range has remained in a downward trend. It is also oscillating at the 50-period and 100-period moving averages.<\/p>\n<p>On the positive side, this is a sign that coin is in the accumulation phase of the Wyckoff Theory. This phase is usually characterized by sideways movements.<\/p>\n<p>Therefore, while its too early to predict, there is a possibility that the coin will have a strong bullish breakout. Its initial target will be at $1.4627, the upper side of the channel. A move above that price will point to more gains, potentially to the psychological level at $1.6658, its highest point in February this year.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP price has gone nowhere in the last 30 days as third-party data reveals that demand from Wall Street investors has stalled. Summary XRP price has remained in a narrow&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23741","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23741"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23741\/revisions"}],"predecessor-version":[{"id":23742,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23741\/revisions\/23742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12587"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}