Despite the fundamentals being favorable one after another, Ripple (XRP) is still under significant downward pressure in the short term. Money is continuously flowing in, but the price hasn’t moved much, indicating that the fundamentals are running faster than the price, which has made XRP a target of repeated scrutiny in the market.
So the question arises: why is the price still sitting at a low level?

As of now, XRP is still oscillating around the 50% Fibonacci retracement level near $2.02, with overall volatility decreasing, and structurally it is gradually forming an ascending triangle.
From an indicator perspective, it’s quite interesting: RSI is fluctuating around 42, more like the market is hesitating and watching, rather than weakening; MACD here continues to converge and is starting to move towards a golden cross.
The price has not immediately risen with the influx of funds; instead, it seems more like the funds are being slowly absorbed rather than distributed.

Liquidity is still firmly stuck in the current range, indicating that what the market is competing on now is not confidence, but rather who has more patience. Money is continuously coming in, but if there isn’t a decent rally soon, the price will eventually be forced to choose a direction.
The momentum indicators do look weak, but it can't be said that the trend is worsening. The RSI has been hovering around 40, which is more like a normal performance of sideways consolidation rather than a sign of a downturn.
Overall, this trend actually looks more like XRP is 'holding still'; it appears calm on the surface, but underneath, the structure is slowly being built.
Net inflows have accumulated, but the price still hasn't reacted.
As of the time of writing, XRP has maintained net inflows for 19 consecutive days, totaling approximately 16.42 million USD, but the price has not responded significantly.
The spot XRP ETF (TOXR) launched by 21Shares has indeed opened up the channel for compliant funds, and the narrative around funds is smoother, but it hasn't directly pulled the price up in the short term.

From historical experience, XRP has previously taken this route: funds and channels are first laid out, and only after positions are slowly filled does the price begin to respond.
How will the price move next?
The current structure of XRP is actually a familiar pattern—fundamentals and funds are in place, but the price often moves a step later.
As of the time of writing, the market's focus has shifted from 'is there any growth' to 'when will it start'. The range compression is still ongoing, but on the other side, actual usage and popularity are genuinely on the rise.
