XRP slipped to $1.86 as traders continued to sell on rallies, even as ETF spot demand remained stable and total assets held by ETFs climbed to $1.25 billion – a gap that suggests the market is still digesting supply at key technical levels.
News context
Institutional appetite for exposure to XRP continued to grow thanks to exchange-traded funds, with investors adding $8.19 million in recent sessions. This brought total net assets held by ETFs to $1.25 billion, reinforcing the idea that professional investors are building positions through regulated vehicles rather than pursuing spot momentum.
The flow trend is part of a broader pattern of institutional crypto allocation: portfolio managers increasingly prefer structured products that reduce custody and compliance friction, particularly where liquidity is high and regulatory clarity improves. XRP’s depth across all venues and consistent ETF supply has kept long-term demand intact, even if short-term price action remains volatile.
In the broader market, bitcoin’s attempted rebound fell short during U.S. business hours, leaving the majors stuck in a zone of risk aversion and price ranges where flows matter but technical levels still dictate daily trading.
Technical analysis
XRP fell from $1.88 to $1.86, remaining stuck in a $1.85 to $1.91 channel as sellers repeatedly defended the $1.9060 to $1.9100 resistance zone. Volume increased sharply during the most active window of the session, with 75.3 million exchanges – around 76% above average – during the rejection, highlighting that this is not a drift from low liquidity. It is a market that meets real offers above.
Price briefly broke out of its consolidation pocket of $1.854 to $1.858 and tested $1.862 on a burst of activity that increased approximately 8-9 times the typical intraday flow. But this move lacked persistence and XRP returned to $1.86 as supply returned.
Repeated defense of $1.90 and above suggests sellers are still using this area to spread out in strength. At the same time, bids near $1.86 to $1.87 have come in consistently enough to keep the market from collapsing, creating a tightening spiral where the next breakout will likely be decisive.
Price Action Summary
- XRP slipped from $1.8783 to $1.8604, remaining stuck in a range of $1.85 to $1.91
- The strongest selling response came near resistance at $1.9061 on above-average volume.
- Bulls held the $1.86 level on several retests, limiting further declines.
- A short-lived rise above the previous consolidation pocket failed to turn into a sustained move.
What Traders Need to Know
Two forces are competing, and that’s the story: ETF flows remain favorable in the background, but short-term traders are still treating $1.90-$1.91 as a sell zone.
The levels are clean:
- If $1.87 holds and XRP can recover between $1.875 and $1.88, the next test will be the heavy supply cluster between $1.90 and $1.91. A close above this level would force short covering and pull the price towards $1.95 – $2.00.
- If $1.86 fails, the market will likely slide toward the next pocket of demand around $1.77 to $1.80, where previous buyers have historically held back and sentiment of “fear” tends to peak.
For now, the band reads like a consolidation with distribution overhead – but with ETF flows acting as a stabilizer that could make downward moves sharper than free fall unless bitcoin crashes sharply again.
