XRP holds near $2.21 as spot ETFs record $35M inflow but fails to clear $2.35
XRP edged up less than 1% over 24 hours to trade around $2.21 after dipping below $2.18 midweek. Institutional interest in spot XRP ETFs remains strong: four U.S. ETFs (Canary XRPC, Bitwise XRP, Grayscale GXRP, Franklin Templeton XRPZ) recorded $35 million of inflows on Tuesday, bringing cumulative ETF volume to $622 million and net assets to $645 million. Retail demand looks muted — futures open interest (OI) averaged $3.96 billion on Wednesday, still below the $4 billion threshold and far below July’s record $10.94 billion. On the 4-hour chart, XRP has failed to break $2.35 resistance (near the 50-day EMA at $2.37). Technicals show a 4-hour RSI around 58 and a positive MACD, supporting a modest bullish bias, but failure to clear $2.35 could send XRP back toward recent support near $1.82. Key takeaways for traders: monitor ETF inflows and futures OI for signs of stronger retail participation; a sustained OI above $4B and a daily close above $2.35/$2.37 would be bullish catalysts, while rejection at $2.35 could trigger short-term downside toward $1.82.
Neutral
The news is neutral because it presents mixed signals: strong institutional demand via spot XRP ETF inflows ($35M on Tuesday, cumulative $622M) suggests growing institutional positioning, which is bullish for medium-term price potential. However, retail participation remains subdued — futures OI is below the important $4B threshold (avg. $3.96B) and far from July’s $10.94B peak — limiting immediate upside. Price action confirms the ambiguity: technical indicators (4-hour RSI ~58, positive MACD) favor buyers but XRP repeatedly failed to clear the $2.35 resistance (near 50-day EMA $2.37). For traders, this implies a conditional outlook: a sustained break and daily close above $2.35–$2.37, ideally accompanied by rising OI, would likely trigger a bullish run toward $2.68 and higher; failure to clear resistance would open the door for a pullback toward $1.82. Historically, ETF inflows have supported rallies once retail/futures OI returned (e.g., July spike when OI hit $10.94B and XRP reached $3.66). Until both institutional inflows and retail OI align, expect limited momentum and range-bound trading — monitor ETF flows, OI, and daily closes for directional confirmation.