XRP slips to $1.86 as spot ETF assets reach $1.25B; sellers defend $1.90
XRP fell to $1.86 despite steady institutional accumulation through spot XRP ETFs. Recent inflows of roughly $8.19 million lifted total ETF-held net assets to about $1.25 billion, signaling growing institutional preference for regulated, custody-light exposure. Price has traded in a tight range (~$1.85–$1.91) with sellers repeatedly defending the $1.90–$1.91 supply zone and buyers supporting $1.86–$1.87, creating congestion that limits momentum. Intraday volume spiked to ~75.3 million XRP (~76% above average) during a rejection near $1.906, indicating meaningful overhead selling pressure. Key technical levels: support cluster at $1.86–$1.87 and strong resistance at $1.90–$1.91; a sustained close above $1.90 could trigger short-covering toward $1.95–$2.00, while a break below $1.86 would shift focus to demand around $1.77–$1.80. For traders, ETF inflows act as a stabilizer that may blunt sharp downside moves, but near-term price direction is governed by technical supply and demand zones—momentum strategies should respect $1.86 (support) and $1.90 (resistance).
Neutral
The news is neutral for XRP’s price. Positive institutional flows into spot XRP ETFs (about $8.19M, lifting ETF assets to ~$1.25B) provide a structural bid and greater market stability, which is bullish over the medium-to-long term by supporting accumulation and reducing downside volatility. However, near-term price action is range-bound with clear technical resistance at $1.90–$1.91 and meaningful overhead selling (evidenced by a ~76% volume spike during rejection near $1.906). That distribution overhead limits immediate upside and keeps momentum muted. For traders: short-term strategies should focus on technical levels—a decisive close above $1.90 could trigger short-covering toward $1.95–$2.00 (bullish short-term), while a break below $1.86 would likely expose $1.77–$1.80 (bearish short-term). Overall, ETF inflows act as a stabilizer but do not remove short-term supply resistance, so the net impact is neutral when weighing institutional accumulation against current distribution dynamics.