XRP is hovering around the $1.40 support level, trading below the 50-, 100-, and 200-day moving averages. Inflows into US-listed XRP spot ETFs totaled $6.3 million on Monday, bringing the cumulative inflow to $1.23 billion, and net assets under management to $1.04 billion. Institutional investors have continued to lean into XRP ETFs, marking four consecutive days of inflows.
Last week, XRP ETFs accumulated $39 million in total inflows through Friday, with total inflows into XRP-related investment products averaging $63.1 million last week, and cumulative assets under management stand at $2.6 billion as of Friday. The XRP derivatives market remains weak, as reflected in futures Open Interest (OI), which stabilised at $2.50 billion on Tuesday, up from $2.47 billion the previous day. Stability in the derivatives market suggests that traders are holding onto their open positions, while a steady increase would support a bullish outlook in XRP as investors lean into risk. Traders are facing fewer liquidations of leveraged positions, as only $1.38 million in long positions and approximately $263,000 in shorts have been wiped out on Tuesday.
For context, $59 million in long positions and $11 million in shorts were liquidated on Thursday as headwinds intensified across the crypto market. XRP is trading above $1.40 support, but holds below the 50-day Exponential Moving Average (EMA) at $1.81, the 100-day EMA at $2.00 and the 200-day EMA at $2.18. The RSI at 34 on the daily chart reflects subdued impulse without reaching oversold conditions. As long as the price remains under these technical boundaries, the path of least resistance would stay lower, with targets at $1.25 (October 10 low) and Friday’s low at $1.12.
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