XRP ETFs See Demand Return with Two-Month Inflow High
- Inflow Recovery: After weeks of diminishing inflows, XRP ETFs recorded a substantial inflow of $9.09 million on Friday, marking the highest single-day inflow since February 6, indicating a return of investor confidence and market interest.
- Net Inflow Performance: The total net inflow for XRP ETFs this week reached $11.75 million, although still far from the over $1 billion peaks seen in November and December last year, this rebound signifies an improvement in market sentiment.
- Asset Price Rebound: XRP has seen a minor increase of 2.5% compared to last Saturday, successfully defending support levels at $1.30 and $1.32, and is now approaching $1.35, with analysts suggesting a potential for a larger rally.
- Market Outlook Analysis: Analyst CRYPTOWZRD noted that the bounce from the $1.32 support could trigger a significant breakout against BTC, while Crypto Tony believes XRP must reclaim the $1.39 level to reverse the current short-term bearish trend.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 3 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.132 | 1.214 | 1.291 | 1.372 | 1.45 | 1.531 | 1.608 |
| Fibonacci | 1.214 | 1.274 | 1.312 | 1.372 | 1.433 | 1.47 | 1.531 |
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