What to know:
- XRP price holds the critical $1.05 support as bulls regain momentum.
- A breakout above $1.10 could send the XRP price toward $1.30.
- XRP ETF inflows have surpassed $1.5 billion, signaling institutional demand.
The XRP price is holding a key support area as buyers attempt to regain momentum, while analysts say a breakout above resistance could strengthen the bullish outlook. Meanwhile, continued institutional inflows into XRP exchange-traded funds highlight growing confidence and support the asset’s long-term adoption.
At the time of writing, XRP is trading at $1.05 with a 24-hour trading volume of $585.31 million and a market capitalization of $65.95 billion. Despite the 1.16% loss over the last 24 hours, the XRP price structure and ETF growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Eyes $15 Breakout as ETF Inflows and Bullish Patterns Fuel Hopes
XRP Price Holds $1.05 as Bulls Eye $1.30
According to the crypto analyst EGRAG CRYPTO, the XRP price is holding the crucial $1.048–$1.05 support zone on the 4-hour chart, where buyers are attempting to prevent further downside.
Despite this defense, the broader structure remains bearish with lower highs still intact. Analysts say reclaiming $1.083 and securing a strong close above $1.10 would confirm renewed bullish momentum and strength.
Source: EGRAG CRYPTO’s X Post
In the event that a breakout occurs above the $1.10 price, the XRP price might head for technical objectives such as $1.14, $1.183, $1.20, and even $1.30 if buying interest persists.
On the other hand, failure to hold on to $1.048 could lead to a move down towards the liquidity area of $1.008 – $1.000.
XRP ETF Inflows Top $1.5B as Bitwise Leads
The data from BankXRP further highlighted that there is strong institutional demand for ETFs for XRP, where Bitwise customers invested $7.1 million in XRP ETFs in the latest trading period.
There is an additional investment of $576,000 from Franklin customers in XRP ETFs. This shows that there is no speculative investment happening in the ETFs, but there is some accumulation taking place.
Source: BankXRP’s X Post
The recent investments have ensured that the total net inflows to the XRP ETF exceed the $1.5 billion mark, thus indicating that the interest from the institutions for the crypto has remained consistent.
The experts feel that the continuous flow of funds into the XRP ETF will help improve the sentiment and increase the liquidity of the crypto asset.
Despite the bullish price predictions and ETF growth, the XRP price is still moving in the neutral territory. This move is also backed by the cautious environment in the crypto market as Bitcoin is moving in a downward direction.
What Happens Next for XRP?
The future of the XRP price will be decided by the ability of traders to hold onto the support at $1.05 and break out of the resistance at $1.10.
If a breakout is successful, then there is the potential for movement towards $1.14, $1.20, and $1.30. However, sustained buying pressure in XRP ETFs may bolster confidence among institutions.
Also Read: XRP Ledger Update Introduces Five New Features for Validator Approval
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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