Ripple [XRP] continued consolidating near the $1.07 level after repeatedly defending the $1.04 support zone over recent sessions. That stabilization suggests selling pressure has eased, although buyers have yet to establish sustained control.
Price now trades around $1.07, while the 20, 50, 100, and 200-period EMAs remain clustered between $1.07 and $1.10. This alignment creates a strong resistance band that continues limiting upside momentum.
Concurrently, the RSI has climbed to 47.64. That improvement shows an increase in momentum but does not confirm the bulls are gaining strength.
In addition, the MACD was positive due to reduced bearish histograms, and the two signal lines were converging toward potentially crossing each other.
Those shifts indicate downside momentum is fading rather than reversing decisively. Even so, buyers must reclaim $1.10 before challenging the $1.12 resistance area.
A successful breakout would weaken the broader bearish structure and encourage renewed participation.
Until then, the current consolidation reflects market indecision as traders wait for stronger conviction before committing to the next directional move.
Institutional demand holds firm
Despite being held down by major resistance levels, institutional support for XRP continues.
Weekly spot ETF inflows reached $14.86 million by the 31st of July, marking a third consecutive week of positive flows after the $7.18 million outflow recorded on the 10th of July.
Meanwhile, cumulative net inflows climbed to $1.51 billion, while total net assets stood at $988.78 million.
The weekly on-chain data also confirmed this trend. During Week 31, there were 15.25 million XRP, or approximately $16.27 million, in net inflows into XRP.
Rather than triggering an immediate breakout, those inflows suggest investors continue accumulating despite XRP trading below major resistance.
That steady accumulation could gradually reduce available supply if demand persists. Until buyers reclaim $1.10-$1.12, however, institutional support alone may continue stabilizing price instead of driving a sustained rally.
Key resistance holds the trend
Whether that steady institutional demand can trigger a broader trend reversal now depends on XRP’s next technical hurdle.
The token continues trading within a year-long pattern of lower highs, with $1.00-$1.05 providing consistent support and $1.10-$1.13 limiting every recovery attempt.
The same resistance area also represents past swing highs along with an established trend line, thus representing the battleground for the current market.
A clean breakthrough of the current resistance at the resistance level coupled with increasing trading volume will indicate that buyers are absorbing remaining inventory as opposed to just fueling a new round of price appreciation.
Defending $1.00 continues limiting downside risk, yet only a confirmed breakout above resistance would invalidate the lower-high sequence and provide the clearest evidence that XRP is transitioning toward a more sustainable recovery.
Final Summary
- XRP continues consolidating below key resistance as improving momentum awaits stronger buying confirmation above $1.10-$1.13.
- Ripple continues attracting institutional inflows, but reclaiming $1.10-$1.13 remains essential for a sustained trend reversal.
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