XRP steadies above $1.10 as ETF inflows offset exchange outflows
XRP has stabilized after a sharp sell-off, bouncing off four-month lows near $1.09. The token gained about 1.6% on the session and climbed toward $1.14, but it remains inside a broader downtrend with rallies still meeting sellers.
On-chain/flow indicators point to accumulation: more than 25 million XRP recently left exchanges, while XRP-linked ETF products recorded roughly $118 million in inflows in May, bringing cumulative inflows to about $1.4 billion. Volume also supported the rebound, with a surge to 145.3 million XRP during the 22:00 UTC window.
Traders are focused on levels: near-term support sits around $1.13–$1.14. Resistance is near $1.15, with the descending channel’s upper boundary extending toward $1.20. A break above $1.20 would be the first meaningful sign of sentiment repair. If $1.10 fails again, attention may shift to the psychological $1.00 level.
Technically, XRP’s RSI is at an extremely oversold level (relative to pre–Nov 2024 conditions), suggesting selling could be exhausting—yet follow-through buying has been limited.
Neutral
Neutral because the fundamental flow picture (exchange outflows + steady ETF inflows) supports longer-term accumulation, but price action still respects a descending channel and has not confirmed a trend reversal.
In similar “stabilization after capitulation” setups, XRP-like rebounds often improve liquidity and reduce panic selling first, while directional confirmation typically requires a clean break above nearby resistance (here, the $1.15 area and then $1.20). Until that happens, traders may treat current levels as a range/bottom-fishing opportunity.
Short-term: watch whether XRP can hold $1.13–$1.14 support; failure could accelerate a move back toward $1.00.
Long-term: if ETF inflows keep rising while exchange balances keep falling, the probability of a sustained recovery increases. But without technical breakout (higher highs vs the descending channel), risk remains that the market continues de-risking rallies.