Wyckoff Theory

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XRP price enters Wyckoff accumulation phase as Wall Street demand wanes

The XRP token has traded in a narrow range over the past 30 days, with demand from Wall Street investors showing signs of decline. Spot XRP exchange-traded funds (ETFs) recorded outflows for the first time since their launch in November, shedding over $26 million in assets this month. Despite this, technical indicators suggest the cryptocurrency may be in an accumulation phase according to the Wyckoff Theory, potentially setting the stage for a bullish breakout.

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