Above $1.00: XRP trims losses amid muted investor interest | Ripple Price Forecast

• $1.00 remains critical support as XRP shows signs of consolidation above it. Recovery prospects are still constrained.
• Following two consecutive days of outflows, XRP spot ETFs recorded little activity on Wednesday as investors remained risk-averse.
• Falling moving averages reinforce a weak technical picture, leaving bears in control of XRP.

$1.05 is the approximate trading level for Ripple (XRP) on Thursday. The token is trimming losses against a largely subdued cryptocurrency market. Since the sharp correction on November 5, bulls have had no respite. They are relying on the $1.00 to $1.05 support zone to establish range-bound trading before making fresh recovery attempts.

$1.8 billion in cumulative inflows, but weaker ETF demand caps XRP upside

Wednesday brought little activity to XRP spot Exchange-Traded Funds (ETFs), following outflows of $7.6 million the previous day and approximately $10.4 million on Monday. Although ETF demand has dried up, cumulative inflows remain at $1.8 billion and net assets under management average $1.2 billion. These figures highlight institutions’ positive long-term outlook for the underlying XRP token.

On Wednesday, the crypto Fear & Greed index stands at 28, within Fear territory, only marginally below the previous day’s 29. Overall sentiment is much weaker than when the index stood at 57 in the Greed region. Together with waning ETF demand, this backdrop reduces the likelihood of a recovery.

A December interest rate increase by the Federal Reserve (Fed) is also being assigned a higher probability by investors. As tighter monetary policy seldom benefits risk assets, investors may be adjusting positions or staying on the sidelines before the meeting.

$1.05 XRP price puts key support in focus: Technical analysis

At $1.05, XRP remains in a bearish phase beneath its 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), positioned at $1.27, $1.29 and $1.34, respectively. This sequence of overhead averages points to a near-term ceiling for the token. Now above the spot price, the SuperTrend at $1.21 is the first technical hurdle bulls must regain to relieve downward pressure.

Near 24, the Relative Strength Index (RSI) is in oversold territory. The reading suggests bearish momentum is stretched, although sellers continue to control the trend.

Around $1.21, the SuperTrend line provides the first resistance, followed by the 50-day EMA at $1.27 and the 100-day EMA at $1.29. Further above, the 200-day EMA at $1.34 strengthens the wider supply zone. Recovery attempts are likely to remain corrective while XRP trades below this moving-average cluster. Risks remain tilted to the downside until buyers decisively lift the token back above at least $1.21.

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