XRP has been stuck around the $1.07 mark after successfully defending support at $1.04 multiple times in recent sessions. The price action hints that selling pressure is waning, but buyers have not yet pushed the coin into a clear uptrend.
Technical Setup Suggests Hesitation
The current trading range sees XRP hovering just below key moving averages clustered tightly between $1.07 and $1.10. This range acts like a wall, restricting any swift price advances. Momentum indicators like the RSI have inched higher to about 47.6, showing some buying energy but nothing decisive yet. Similarly, the MACD has turned positive as bearish signals taper off and crossover points approach, suggesting fading downside momentum rather than a confirmed bullish reversal.
For a meaningful shift, XRP needs to push through the $1.10 level, then target the next resistance near $1.12. Breaking those levels would shake off the prevailing bearish mood and likely invite more active trading. Until then, the market remains in limbo, with investors waiting for clear signals before increasing their positions.
Institutions Keep Pouring In Despite Stalemate
Institutional interest in XRP shows no signs of slowing even as price action struggles to climb higher. Recent weekly ETF inflows totaled $14.86 million by the end of July, marking three weeks in a row of positive capital entering XRP funds after a mid-July outflow. Net inflows for these funds have now amassed $1.51 billion, with the total net assets approaching $989 million.
On-chain data supports this accumulation story. Week 31 alone saw about 15.25 million XRP, roughly $16.27 million, flow into the asset. Despite all this buying, price has so far remained capped, suggesting that demand is steady but not yet strong enough to trigger a breakout. This pattern of slow but consistent accumulation could tighten supply over time, setting the stage for a shift if buyers reclaim key resistance zones.
XRP continues to trade within a year-long consolidation framed by steady support near $1.00-$1.05 and resistance between $1.10 and $1.13. This pattern has repeatedly capped upside moves without letting the bears fully break down the price either. The outcome of this tug-of-war will likely depend on if XRP can clear those upper technical barriers or if it will remain range-bound a little longer.
Recent analysis has also pointed to this resistance area as key for setting a clearer trend. Until then, institutional demand may simply continue acting as a stabilizing force rather than sparking a sustained rally.
This information is for educational purposes and should not be considered financial advice.
