Ripple Price Forecast: XRP holds near $1.33 support amid modest capital inflows
Ripple (XRP) extends its consolidation around $1.33 at the time of writing on Wednesday, as market participants largely remain on the sidelines awaiting clarity over a potential Memorandum of Understanding (MOU) between the United States (US) and Iran. 
  • XRP consolidates near the $1.33 support level, underscoring a deteriorating technical outlook amid major moving averages trending lower.
  • XRP saw mild inflows of $1.55 million through ETFs on Tuesday, while futures Open Interest remains steady.
  • XRP momentum indicators continue to soften, with the MACD firmly entrenched in sell territory.

Ripple (XRP) extends its consolidation around $1.33 at the time of writing on Wednesday, as market participants largely remain on the sidelines awaiting clarity over a potential Memorandum of Understanding (MOU) between the United States (US) and Iran. 

Sentiment deteriorates amid mild capital inflows

Crypto market sentiment has broadly declined, as shown by the Fear & Greed Index falling to 25 on Wednesday, into the Extreme Fear territory, from 34 the previous day. Continued deterioration in appetite for risk assets like XRP could further limit the recovery potential, leaving the token vulnerable to extended losses.

Crypto Fear & Greed Index | Source: Alternative

Although institutional interest has remained steady over the past two weeks, inflows into XRP spot Exchange-Traded Funds (ETFs) have been mild, totaling $1.55 million on Tuesday. SoSoValue data shows that cumulative inflows average $1.41 billion while net assets under management stand at $1.12 billion. As sentiment remains suppressed, demand for XRP-related digital investment products cools, reducing the odds of a sustained uptrend.

XRP ETF flows | Source: SoSoValue

At the same time, retail capital flowing into derivatives is steady at $2.93 billion on Wednesday, up slightly from $2.85 billion the day before. A steady rise in retail demand directly supports XRP’s bullish outlook, while declines put pressure on the price.

XRP Futures OI | Source: CoinGlass

Price analysis: XRP sellers retain control

XRP trades at $1.33, keeping a bearish near-term bias as price holds below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $1.40, $1.47 and $1.68, respectively. Momentum conditions reinforce downside pressure, with the Relative Strength Index (RSI) lingering near 39 on the daily chart and the Moving Average Convergence Divergence (MACD) histogram remaining in negative territory, hinting that sellers still control the tape despite intermittent bounces.

XRP/USDT daily chart

On the topside, initial resistance lies at the 50-day EMA around $1.40, with further hurdles at the 100-day EMA near $1.47 and the more distant 200-day EMA at $1.68, which together outline a broad supply band capping any recovery attempts. On the downside, the rising trendline region near $1.31 offers the first notable support, and a daily close below this floor would likely open the door to a deeper corrective phase.

(The technical analysis of this story was written with the help of an AI tool.)

Crypto ETF FAQs

An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.

Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.

Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.

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أسعار مباشرة

الاسم / الرمز
الرسم البياني
نسبة التغيير / السعر
NVDA/NAS
تغيير يوم واحد
+0%
0
ON/NAS
تغيير يوم واحد
+0%
0
MSFT/NAS
تغيير يوم واحد
+0%
0

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