- XRP Outlook remains focused on key support as bearish momentum persists despite Thailand’s crypto tax decision and steady exchange outflows.
- Thailand’s zero capital gains tax applies to eligible digital assets traded through licensed platforms, supporting regulated crypto participation.
- XRP technical structure remains bearish, while sustained exchange outflows suggest investors continue reducing balances on centralized platforms.
XRP Outlook remains closely watched as Thailand advances digital asset taxation while XRP continues testing major technical support, with traders monitoring market structure, exchange flows, and broader cryptocurrency sentiment.
Thailand’s Crypto Policy Draws Market Attention
John Squire shared Thailand’s reported digital asset tax announcement through a recent social media post. The update referenced a 0% capital gains tax for qualifying digital assets. The policy applies through licensed cryptocurrency trading platforms.
The post connected Thailand’s announcement with the XRP ecosystem through symbolic visuals. However, the reported tax treatment extends beyond XRP alone. Other eligible digital assets may receive identical treatment under regulated conditions.
Thailand continues refining cryptocurrency regulations through structured policy development. Lower capital gains taxes may reduce trading costs for market participants. Licensed exchanges could benefit from increased regulated activity.
Clear taxation frameworks often improve certainty for investors and financial businesses. Digital asset firms generally favor transparent regulatory environments. Thailand’s approach reflects continued policy development rather than restrictive regulation.
XRP Holds Key Technical Support
The technical outlook remains centered on XRP’s descending market structure. Price continues respecting a falling trendline established during July. Lower highs still define the prevailing short-term trend.
John Squire’s post focused on regulation rather than technical analysis. Despite this, XRP is still trading in close proximity to a significant support area. XRP has been trading throughout the $1.04-$1.05 price range, which is a level of support.XRP has been struggling in the $1.04-$1.05 price range, which is the support zone.
The RSI hasn’t yet reached its neutral 50 mark for the past several sessions. So, sellers continue to have the edge over buyers. In the meantime, the MACD is still below the zero line.
However, resistance is building up around the $1.06-$1.07 level. Bulls need to make a clear move up from there. Otherwise, the broader bearish structure remains technically intact.
Exchange Flows Reflect Cautious Positioning
Exchange flow data continues showing more XRP leaving exchanges than entering them. Red netflow bars dominate the longer-term dataset. That pattern reflects persistent net withdrawals across observed periods.
Late November produced the largest recorded exchange outflow on the chart. Withdrawals approached approximately $170 million during heightened volatility. Large movements often reflect portfolio repositioning by larger holders.
Netflows gradually became less extreme after the strongest withdrawal period. Daily inflows and outflows now appear relatively balanced. Exchange activity therefore looks steadier than previous months.
The persistent exchange outflows have not been able to halt the overall bear market for XRP. Market sentiment, liquidity, derivatives positioning and the macro conditions remain the key factors in determining market direction. Traders continue monitoring support, momentum indicators, and regulated market developments together.
