- XRP is trading above the crucial $1.0017 support despite strong selling pressure and weak technical indicators.
- Steady XRP ETF inflows continue to support long-term interest as traders watch key price levels.
XRP is trading around $1.04 as traders watch the key $1.0017 support level. Although spot XRP ETFs have recorded eight straight weeks of inflows, technical indicators suggest XRP could face further losses if support fails.
XRP ETF Inflows Continue Despite Market Weakness
One of the strongest positive signals for XRP has been the steady demand for spot XRP ETFs. These investment products recorded $22.99M in net inflows last week, marking the 8th consecutive week of positive inflows.
The consistent demand highlights continued interest from both institutional and retail investors. At the same time, some investors appear to be rotating capital into XRP products while Bitcoin and Ethereum ETFs experience notable outflows.
Another encouraging development is the SEC’s decision to accelerate the review process for spot XRP ETF applications. The regulator is now using a shortened 75-day review period, reducing uncertainty around future approvals and increasing expectations that more XRP investment products could reach the market sooner.
These developments continue to support XRP’s longer-term investment case, even as price action remains under pressure.
XRP Faces Resistance While Sellers Remain in Control
Despite the positive ETF news, XRP’s chart still paints a cautious picture. The coin is trading below its important short-term moving averages, including 20- and 50-period averages. It also remains well below its long-term 200-day moving average, showing that the broader trend has not yet turned bullish.
Technical indicators also suggest that buyers have not fully regained control. The Relative Strength Index (RSI) remains below the neutral 50 level, reflecting continued selling pressure. Other indicators, including the Commodity Channel Index (CCI) and Awesome Oscillator, also point to weakness.
However, the Stochastic RSI has entered oversold territory. This may slow the additional downside if buyers begin to step in near current levels.
Key XRP Price Levels to Watch
The next few trading sessions could prove important for XRP. It is expected to trade within a range between $1.0017 and $1.0728 unless a stronger market catalyst emerges.
A move above the immediate resistance at $1.0564 could encourage fresh buying and improve short-term sentiment. On the other hand, a decisive break below $1.0017 would increase the risk of further declines and could signal a deeper correction.
For now, analysts believe XRP is likely to remain range-bound while traders wait for either buyers or sellers to gain control.
Outlook Remains Cautious
Although ETF inflows and improving regulatory developments continue to strengthen XRP’s long-term outlook, technical indicators remain cautious in the near term.
Unless XRP manages to reclaim resistance above $1.0564, the market could continue moving sideways with a slight bearish bias. As long as the $1.0017 support holds, however, buyers still have an opportunity to defend the current trading range before the next significant price move develops.
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