XRP price outlook: can rising ETF inflows push the token above $1.50?
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Bitcoin near $82,000 and Ethereum holding above $2,275 trade cautiously as XRP recovers to $1.46 and approaches the upper boundary of a descending channel. XRP’s futures open interest hit $2.97 billion (a three-month high, up 30% from the $2.1bn yearly low) while US-listed spot XRP ETFs saw inflows of about $26m on Monday and $5.2m on Tuesday, bringing cumulative inflows to $1.4bn and AUM to ~$1.2bn, supporting growing retail and institutional adoption of the token. Technicals show XRP above the 50-day EMA ($1.41) with RSI ~57 and a slightly positive MACD but capped below the 100-day ($1.4959) and 200-day ($1.71) EMAs, with immediate resistance at $1.47–$1.49 and support at $1.41–$1.30.
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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading cautiously on Wednesday as price action approaches key technical levels across these top three cryptocurrencies.
BTC, the leading cryptocurrency by market cap, has stalled near the key resistance level around $82,000 while ETH holds firm above the key support at $2,275.
Meanwhile, XRP has recovered from Tuesday’s dip and is now approaching the upper boundary of its descending channel, where a breakout will open the door for further gains.
XRP demand holds firm across retail and institutions
XRP is up by less than 1% in the last 24 hours and is now trading at $1.46 per coin. The positive performance comes thanks to growing retail and institutional demand.
According to CoinGlass, XRP’s futures Open Interest (OI) reads $2.97, reaching a three-month high, up from the $2.9 billion recorded the previous day.
XRP’s OI has climbed 30% from its yearly low of $2.1 billion recorded in early March.
Further gains would solidify retail investor dominance and increase the chances of a sustained recovery as risk appetite grows.
In addition to that, institutional demand for XRP continues to grow.
US-listed XRP spot Exchange-Traded Funds (ETFs) have also gained traction since Friday, with inflows nearing $26 million on Monday.
The ETFs also recorded an inflow of $5.2 million on Tuesday.
Cumulative inflows stand at $1.4 billion, with net assets under management averaging $1.2 billion.
The surge in institutional and retail interest aligns with steady market sentiment.
The current Crypto Fear & Greed Index rose to 49 in the fear territory on Tuesday, up from 48 the previous day.
Ripple price forecast
Similar to Bitcoin and Ether, the XRP/USD 4-hour price action is currently bullish, thanks to the market’s recent gains.
XRP is trading at $1.46, above the 50-day EMA at $1.41, suggesting tentative near-term support.
However, it remains capped within a broader downward parallel channel and below the 100-day and 200-day EMAs at $1.4959 and $1.7101, respectively, which keeps the broader tone only mildly constructive.
The momentum indicators suggest a growing bullish narrative.
The RSI is around 57, and a slightly positive MACD reading hints at improving momentum. However, the buyers still need to push XRP above the capped levels to strengthen the bullish case.
If the bullish narrative grows stronger, buyers would encounter immediate resistance at the channel’s upper boundary near $1.47, followed by the 100-day EMA at $1.49.
The 200-day EMA at $1.71 and the horizontal resistance around $1.90 form a more distant supply zone.
However, if the sellers regain control, immediate support is seen at the 50-day EMA around $1.41, with the horizontal floor at $1.30 acting as the next key level.
Failure to defend these key levels would break the recent bullish price action and bring lower support zones into focus.
The post XRP price outlook: can rising ETF inflows push the token above $1.50? appeared first on Invezz
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