XRP Nears $1.40 Support Despite $3.14M ETF Inflows
XRP fell about 4.3% to around $1.45 after a broad crypto selloff, despite U.S. spot XRP ETFs recording $3.14 million in net inflows on Oct. 6. Bitwise brought in $10.55 million, partly offset by withdrawals from Franklin and other funds. Cumulative net inflows into the ETFs reached $1.794 billion.
Traders are watching $1.40 as near-term support and $1.485 as resistance. Technical indicators, including a bearish MACD crossover and an RSI below 50, point to weakening momentum, though XRP is not considered oversold. Analyst EGRAG Crypto says a hold above $1.40 followed by a daily close above $1.485 could make the breakdown a false signal; a sustained decline would leave lower levels in focus.
Other developments include Evernorth’s expected XRPN Nasdaq debut around Oct. 12, subject to closing conditions, and an XRP Ledger amendment scheduled for Oct. 9 if validator support holds. ETF inflows provide a counterpoint to the short-term price weakness, but XRP’s immediate direction may depend on whether buyers defend $1.40.
Bearish
The immediate trading picture is bearish, although the article presents both negative and supportive signals. XRP dropped about 4.3% during a broad selloff and remains below the cited $1.485 resistance. The MACD crossover and RSI below 50 indicate fading momentum, while derivatives data show substantial open interest and a potential long-liquidation area near $1.4306. A break below $1.40 could therefore intensify selling if leveraged positions are forced to close.
ETF inflows offer a counterpoint: U.S. spot XRP funds added $3.14 million, and cumulative inflows remain substantial. But the positive flow did not prevent XRP’s decline, illustrating that fund demand may not outweigh wider market risk or liquidation-driven selling in the short term. As in other crypto selloffs, support levels can attract dip buyers, but a decisive close below support can also trigger stop-loss orders and amplify volatility.
For the near term, traders are likely to monitor whether XRP holds $1.40 and can reclaim $1.485. A recovery above that resistance would weaken the breakdown scenario; failure to hold support would keep lower levels in focus. Over the longer term, ETF demand, Evernorth’s planned XRP-focused treasury vehicle and the XRPL amendment may support investor interest, but they do not guarantee price appreciation. The scheduled XRPL change is conditional on validator support, and the Evernorth transaction remains subject to closing requirements. Overall, the bearish rating reflects the current price and momentum setup, not a certain long-term direction.