Ripple (XRP) continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.
XRP sees modest ETF, steady retail demand
XRP spot Exchange-Traded Funds (ETFs) extended their bullish momentum, posting modest inflows of $2.25 million through Friday last week. This marks the fifth straight week of positive flows, reinforcing prevailing risk-on sentiment. Meanwhile, total cumulative inflows average $1.51 billion, with net assets reaching $933 million, underscoring institutional investors’ constructive long-term outlook on the token.
Retail participation remains steady in the derivatives market, with perpetual futures Open Interest (OI) averaging 2.77 billion XRP on Monday, a slight increase from 2.72 billion XRP the previous day.
While retail OI has gradually climbed from 2.12 billion XRP on August 12, this uptick has yet to counterbalance the broader sell-off in XRP. Nevertheless, persistent demand in the derivatives space signals that retail investors continue to back XRP’s constructive long-term outlook.
Technical analysis: XRP extends range trading
XRP trades at $1.00, keeping a bearish near-term bias as price holds beneath all key Exponential Moving Averages (EMAs) and the active SuperTrend line. The pair is capped by the 50-day EMA at $1.08 and the SuperTrend resistance at $1.07, while the 100-day and 200-day EMAs, at $1.16 and $1.35 respectively, remain well above the market and reinforce a broader downside structure. The Relative Strength Index (RSI) sits around 37 on the daily chart, below the neutral 50 mark and suggesting sellers still have control.
On the topside, initial resistance aligns at the SuperTrend level near $1.07, followed by the 50-day EMA just above $1.07. Together, these indicators form a nearby supply band that bulls would need to reclaim to ease immediate pressure.
Higher up, the 100-day EMA around $1.16 and the 200-day EMA near $1.35 mark progressively stronger resistance layers within the prevailing downtrend, while the long-running descending trendline from $1.55 continues to define the broader bearish backdrop. Any rebound toward these overhead levels is likely to be a corrective bounce unless price can sustain a break above the nearest resistance cluster.
(The technical analysis of this story was written with the help of an AI tool. Know more.)