Ripple’s XRP rose 0.53% from the previous day, trading around 1.87 dollars as of 4:00 on December 31, Korea time. This price move came amid a combination of ETF inflows and reduced on-exchange liquidity, fueling cautious optimism among investors. On December 30 (US time), XRP’s spot ETF recorded net inflows of about 15.55 million dollars. Since the November launch, cumulative inflows have reached about 1.16 billion dollars.
Standard Chartered reaffirmed an XRP price target of $8 through 2026, citing regulatory clarity and broader institutional adoption. On-exchange liquidity conditions have been mixed. Currently, XRP balances on major exchanges stand at roughly 12.3 billion XRP, near multi-year lows. There was about $10.7 million in net outflows on exchanges, which could be interpreted as a cue for accumulation.
Liquidity declines can amplify price movements. Futures open interest has risen to about $3.43 billion, yet spot activity does not fully back it, suggesting leveraged traders may be driving market moves rather than organic demand. Technical indicators indicate selling pressure easing, yielding a neutral trend. XRP sits on a $1.85 support, while the MACD histogram has turned positive at +0.0076.
RSI remains neutral at 42.24. However, the 30-day simple moving average is at $1.96, indicating an ongoing downtrend. Over the last 60 days, XRP has fallen about 25.45%, and over 90 days about 36.97%, underscoring sustained headwinds. Key resistance is around $2, at the Fibonacci 50% retracement level.
Analysts say the rebound appears to be driven by ETF-based demand amid limited liquidity, though the broader downward trajectory remains intact. The key tests ahead are whether the $1.85 support holds and the impact of the upcoming release of 1 billion escrowed XRP on January 1 next year. Investors will also monitor ETF flows alongside Bitcoin’s market share, which stands at about 59.07%.
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