Ripple Price Forecast: XRP ticks up eyeing $1.40 breakout amid mild ETF inflows
Ripple (XRP) sustains modest gains, trading around $1.39 at the time of writing on Wednesday. The remittance token is aligned with the broader crypto market recovery, which has seen Bitcoin (BTC) rise from its weekly low around $75,650 on Tuesday to highs above $77,000 as of writing.
  • XRP rebounds alongside the broader crypto market as mild ETF inflows return.
  • Bullish expands institutional access to digital assets by integrating Ripple Prime into regulated Bitcoin options markets.
  • XRP upside appears capped below the 50-day EMA as a downward-turning MACD indicator weighs on the price.

Ripple (XRP) sustains modest gains, trading around $1.39 at the time of writing on Wednesday. The remittance token is aligned with the broader crypto market recovery, which has seen Bitcoin (BTC) rise from its weekly low around $75,650 on Tuesday to highs above $77,000 as of writing. A break above the $1.40 pivotal level would reinforce the bullish grip in XRP. However, if the upside remains capped at that level, the overall bearish bias would continue to shape the trend.

XRP institutional demand returns

Institutional interest remains on the back foot across digital investment products, as seen with Bitcoin spot Exchange-Traded Funds (ETFs), which experienced outflows on Monday and Tuesday. However, XRP spot ETFs beat odds to posit mild inflows of $2.2 million on Tuesday, following muted activity on Monday, according to SoSoValue data.

Cumulative inflows now stand at $1.29 billion, with net assets under management averaging $1.05 billion. Demand for XRP ETFs must steadily increase to affirm positive market sentiment and raise XRP’s recovery potential.

XRP ETF flows | Source: SoSoValue

Meanwhile, Bullish, an institutional-grade cryptocurrency exchange based in the Cayman Islands, has integrated Ripple Prime into its Bitcoin options trading. The integration provides Ripple Prime clients with direct access to Bullish’s regulated BTC options markets, with no additional know-your-customer (KYC) requirements.

RLUSD, Ripple’s stablecoin, can be used to pay fees on the exchange. Ripple Prime is a non-bank multi-asset brokerage platform.

Technical outlook: XRP’s $1.40 breakout in the offing

XRP trades above $1.39 as of writing on Wednesday. The upside remains capped in the short term, with price holding below the 50-day Exponential Moving Average (EMA) at $1.41 and well under the 100-day and 200-day EMAs at $1.52 and $1.76, respectively. Combined, the moving averages suggest a broader bearish structure despite the ongoing consolidation.

The Relative Strength Index (RSI) hovers just below the neutral 50 midline on the daily chart, hinting at only modest downside momentum, while the Moving Average Convergence Divergence (MACD) histogram has slipped back into negative territory, reinforcing a softening of recent bullish attempts.

XRP/USDT daily chart

On the downside, initial support is seen near the former rising trendline around $1.34, where buyers may attempt to stabilize the price if selling pressure resumes. On the topside, immediate resistance lies at the 50-day EMA around $1.41. A sustained break above this level would be needed to ease the current bearish bias and pave the way for gains toward the 100-day EMA near $1.52 and the 200-day EMA around $1.76.

(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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