XRP slips below $1.35 as sellers keep pushing rallies lower. I've been watching this play out over the last few hours - every time it tries to bounce, the volume spikes on the downside. Started around $1.37, now sitting at $1.33, and the rejection pattern near $1.38 keeps repeating. That's textbook distribution.

What caught my attention is the contradiction here. ETF inflows just turned positive at $3.32M, which should be bullish, but the price action says otherwise. It's like the inflows are just getting absorbed by sellers exiting positions. The broader market is moving up, but XRP is lagging - that's a red flag that capital is rotating elsewhere.

On the technical side, the volume profile tells the story. High volume on down days, weak rallies on low volume. Price is sitting below all the major moving averages and stuck in a descending structure. The $1.33 level is holding for now, but if that breaks, $1.28 is the next real support and a breakdown there could get messy fast.

For a reversal, we'd need to see XRP reclaim $1.35 first, then push past $1.38 to shift the momentum. Until that happens, I'm treating any bounce as a potential exit point for sellers, not a sign of strength. The setup still favors the downside until proven otherwise.