What to know:
- XRP hits its most oversold level in 13 years while holding key long-term support.
- Spot XRP ETFs recorded weekly net inflows, reflecting institutional demand.
- Bitwise and Franklin Templeton led ETF inflows, boosting investor confidence.
The XRP price is testing a critical long-term support zone after reaching its weakest technical momentum on record. Meanwhile, continued inflows into spot XRP exchange-traded funds highlight sustained institutional confidence, reinforcing optimism that long-term investors remain committed despite recent market weakness.
At the time of writing, XRP is trading at $1.08 with a 24-hour trading volume of $1.05 million and a market capitalization of $67.55 billion. Despite the signs of stability over the last 24 hours, the XRP price structure and ETF growth point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Targets $1.30 Rally as ETF Investments Boost Market Confidence
XRP Price Tests Historic Support After 13-Year Low
According to the crypto analyst Cryptollica, the XRP price has entered one of its weakest technical phases in more than 13 years of market history, with monthly momentum reaching its lowest level ever recorded.
Analysts note this oversold reading exceeds those seen during the 2014, 2018, 2020, and 2022 market downturns, highlighting an unusually deep correction as price approaches long-term ascending support.
Source: Cryptollica’s X Post
Though historically weak, the XRP price is testing a key long-term support area that has traditionally attracted buying interest. It will be interesting to observe whether this technical level results in a recovery to above the $50 price mark or gives way to further losses.
The combination of historically oversold conditions with this key level has added anticipation for traders.
XRP Spot ETFs See $14.86M Weekly Inflows
The data from BankXRP further highlighted that over the past week, XRP ETFs experienced inflows of $14.86 million, indicating that institutions remain committed despite market uncertainty in the cryptocurrency sector.
The constant capital inflows suggest that investors are optimistic about the future performance of XRP, which can be achieved through a legitimate means of investing in the asset via ETFs.
Source: BankXRP’s X Post
In terms of inflows, Bitwise topped the week at $10.15 million, with its cumulative total amounting to $511 million. Coming second was Franklin Templeton’s XRP with $4.70 million in inflows, making its cumulative total $426 million.
These inflows suggest that confidence is growing amongst institutional investors, which is helping cement XRP’s reputation as an attractive investment product.
What Happens Next for XRP?
The short-term future of the XRP price will depend on the ability of buyers to maintain this important support level amid a steady inflow of funds from ETF institutions that continue boosting the market sentiment.
However, if this support level gets broken, a new leg lower is likely, and the coming price action will be critical for the further market direction of XRP.
Also Read: Ripple Expands XRP Ledger Tokenization Strategy With ZILO and Licuido Investments
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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