According to the submitted report, XRP shows a gradual upward movement, but the demand for exchange-traded funds has not yet translated into strong price momentum. The token is currently stabilizing at a level between $2.17 and $2.21, with the main resistance level remaining at $2.24 and $2.38.
🔹 Key Highlights
✔️ XRP's exchange-traded funds continue to register steady institutional inflows, adding about $35 million on Tuesday, raising the total net assets to $645 million and the cumulative trading fund volume to $622 million.
✔️ Despite ETFs acquiring millions of tokens, open interest in derivatives remains weak, averaging $3.96 billion, indicating a decline in retail investor interest.
✔️ Large whale wallets distributed nearly 180 million XRP, increasing selling pressure and constraining momentum.
✔️ Overall cryptocurrency sentiment remains cautious, as outflows of Bitcoin impact market structure.
📊 Technical overview.
- Relative Strength Index (14): 47.13 - Neutral.
- Average Directional Index (ADX) (14): 25.96 - Moderate trend strength.
- Moving Average Convergence Divergence (MACD): trending upwards but still below zero.
- The main exponential moving averages (50/100/200) are above the price, indicating a bearish technical structure.
Short-term indicators show early signs of strength, but the overall trend still faces resistance.
🧭 What's next for XRP?
📌 Support level at $2.20 - losing this level could lead to a drop towards $1.88-1.91.
📌 Resistance level at $2.24 - a crucial breakout point to renew bullish momentum.
📌 Level at $2.38 - a critical level for broader continuation.
Institutional flows from Grayscale, Franklin Templeton, Bitwise, and Canary Capital reflect an increasing shift towards regulated exposure to XRP, surpassing $700 million at the onset of activity.
💬 Do you think XRP will exceed $2.24 soon? Share your opinion below!
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