• XRP hovers around the day’s open at $1.43 as overhead pressure grows within a broader downtrend.
• Soft inflows into XRP spot ETFs and cooling retail demand could limit the token's recovery potential.
• The downward-sloping 100-day and 200-day EMAs define XRP’s weak technical structure.

Ripple (XRP) exhibits technical weakness, trading around $1.43 at the time of writing on Friday. Prices across the crypto market appear pressured amid buyer exhaustion following the early-week gains driven by the extension of the US-Iran ceasefire on Tuesday.

The remittance token’s rebound stalled at the weekly high of $1.46, coinciding with emerging risk-off sentiment in the derivatives market and softening interest in related investment products. Meanwhile, demand around $1.40 could offer fresh entry opportunities for investors and help prevent an extended correction.

XRP trades sideways as retail and institutional activity cools

Retail demand for XRP derivatives remains on the back foot, with the perpetual OI averaging $2.57 billion on Friday. The OI has remained relatively steady at this level since Monday, after fading from $2.80 billion, its monthly peak. On that account, sustaining recovery in XRP could be an uphill battle, leaving the remittance token largely susceptible to sell-side pressure.

At the same time, interest in XRP spot Exchange-Traded Funds (ETFs) slowed this week, with roughly $9.30 million in inflows recorded through Thursday, compared with $55.39 million the previous week.

Meanwhile, inflows totaled $3.89 million on Thursday, rising from $2.42 million the previous day. Cumulative inflows average $1.28 billion and total net assets $1.08 billion, according to SoSoValue data. Steady institutional demand is required to help shape sentiment and sustain XRP’s recovery.

Technical outlook: XRP upside limited as key support holds

XRP trades at $1.43, upholding a mildly constructive tone as it trades above the 50-day EMA at $1.41 and the Bollinger Bands’ 20-day Simple Moving Average near $1.39, indicating underlying demand on dips. Still, the broader trend remains capped while price stays below the 100-day Exponential Moving Average (EMA) at $1.53 and the 200-day EMA at $1.78.

Momentum signals are supportive with the Moving Average Convergence Divergence (MACD) histogram holding in positive territory on the daily chart and the Relative Strength Index (RSI) near 56. Notably, the elevated Money Flow Index (MFI) around 74 suggests strong buying pressure but is edging toward overbought territory.

On the topside, initial resistance is aligned with the Bollinger upper band at $1.48, ahead of a more significant barrier at the 100-day EMA at $1.53. A daily close above these levels would be needed to open the way toward the 200-day EMA at $1.78. On the downside, immediate support lies at the 50-day EMA at $1.41, followed by the Bollinger midline around $1.39. A break below this zone would expose the lower band at $1.30 and undermine the current constructive consolidation phase.

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