XRP price is hovering above $2.08, but the breakout is not yet confirmed due to a slowdown in ETF inflows, which dropped to their lowest level since trading began. Long-term holders are buying aggressively, creating a conflict between institutional demand and conviction. The delay in the breakout is directly correlated with the decrease in ETF demand, which weakened between January 6 and January 9. Despite this, XRP remains inside a bullish inverse head and shoulders pattern on the daily chart. Additionally, XRP holder net position change spiked by nearly 300% in 24 hours, signaling strong accumulation.

While ETF demand has weakened, long-term holders have stepped in aggressively, offsetting the slowdown. XRP is currently trading just below a major supply cluster between $2.14 and $2.15, with approximately 1.88 billion XRP accumulated in that zone. A daily close above this level would indicate a significant supply break. The next critical supply cluster sits between $2.48 and $2.50, aligning closely with the inverse head and shoulders neckline. Breaking through these levels would signify a technical breakout and moving through dense holder supply layers.

The XRP price is compressed between conviction buying and delayed confirmation, with key levels to watch at $2.15 and $2.28. A clean break above $2.50 would confirm the inverse head and shoulders breakout, activating a projected 34% upside. Maintaining support at $2.06 is crucial, as losing this range could weaken the structure. XRP is currently waiting for fresh demand to push the price through key resistance levels before conviction fades.

Read more at Yahoo Finance: XRP ETFs Remain in Green but Inflows Hit a Record Low: How Will Price React?