- XRP has fallen back below $1.50 after failing to hold above $1.60, despite US spot XRP ETFs attracting $18.04 million in fresh inflows.
- With selling pressure rising, traders are now watching the $1.43-$1.45 support zone as the next key test.
XRP has fallen back below $1.50 after briefly climbing above $1.60, reversing most of the rally even as US spot XRP ETFs continued to attract fresh capital. The sharp pullback came after XRP reached around $1.66, with selling pressure increasing around a resistance zone that had already been flagged by analysts.
XRP Fails to Hold $1.60 After Rally to $1.66
XRP traded around $1.50 on September 24 after reaching roughly $1.66 during the previous session. The move below $1.50 came just one day after XRP broke above $1.60, turning the breakout into a quick reversal.
The $1.60 area had already been identified as an important resistance level. Crypto analyst Ali Martinez pointed to on-chain data showing that around 2.5 billion XRP had previously changed hands near that price.
That created a large cost-basis area where some holders could choose to take profits. XRP managed to move above $1.60 and reach $1.66, but buyers failed to keep the former resistance level as support.
Once XRP dropped back below $1.60, traders who entered during the breakout also had a reason to close positions, adding to the selling pressure.
XRP ETF Inflows Remain Strong
The decline did not come from a lack of institutional demand. US spot XRP ETFs recorded another $18.04 million in net inflows on September 23, bringing cumulative inflows to about $1.75 billion.
Bitwise led the latest inflows with $11.54 million, while Franklin Templeton recorded about $6.50 million. The previous day also saw roughly $20 million flow into XRP ETFs.
However, ETF buying represents only one part of the wider XRP market. Selling across the spot market can still outweigh millions of dollars in ETF demand when traders are taking profits after a strong price move.
There are also signs that more XRP is becoming available on exchanges. FXStreet analyst John Isige noted that XRP reserves on Binance had risen to about 2.68 billion XRP.
Higher exchange reserves can indicate that holders are moving XRP to exchanges for trading or potential sales. They do not, however, prove that those coins have already been sold.
XRP’s Support Moves Toward $1.43
With XRP back below $1.50, attention is shifting toward lower support levels. FXEmpire analyst Alejandro Arrieche had previously identified the $1.43 area as a possible target after the strong rally.
The level is now more relevant after XRP failed to hold above $1.60. A move toward $1.43-$1.45 would represent another test of whether the recent decline is simply a pullback or a deeper reversal.
Broader market conditions are also weighing on XRP. Bitcoin has slipped below $85,000 as higher US Treasury yields put pressure on risk assets.
For XRP, the immediate focus is now on the $1.43-$1.45 area. Holding that zone could give buyers another chance to rebuild the rally, while a deeper break would put the recent move above $1.60 further into question.
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