XRP edges higher with price supported by major inflows into new spot ETFs: weekly forecast
XRP is currently priced at $1.3811, marking a weekly gain of $0.0254 (1.95%) and trading at the very top of its recent weekly range. The asset remains below both the MA-20 ($1.6702) and MA-50 ($2.2358), signaling ongoing medium- and long-term downward pressure, yet stays above the MA-200 ($1.1491), which continues to serve as long-term support.
Highlights
- XRP remains under medium- and long-term bearish pressure, trading below key trend indicators but above long-term support.
- Momentum and trend signals stay weak, with sellers dominating, although a brief price rebound suggests possible oversold conditions.
- Expected trading range for the week is $1.27 to $1.51, with downside risk outweighing the chance of a sustained rally.
Regulatory clarity and ETF flows drive sharp sentiment shift this week
XRP received a major boost in regulatory clarity as US agencies jointly classified it as a digital commodity, resolving a significant legal risk for the token. This change has sparked over $1 billion in inflows to new spot XRP ETFs in the US, enabling institutional capital to access the asset more freely. Ongoing trends include expectations of further regulatory support and Ripple’s push for new XRP use cases, particularly in DeFi and as corporate treasury assets.
Bearish momentum persists as technicals confirm near-term resistance
Weekly technical analysis shows XRP remains under pressure on the W1 timeframe, staying below both the 20- and 50-week moving averages, while finding support above the 200-week MA. Momentum remains weak, with MACD indicating 'Strong Sell' and ADX confirming bearish dominance. Weekly RSI and Commodity Channel Index both read as 'Sell,' while the Stochastic RSI points to 'Strong Buy,' highlighting short-term rebound potential. Bull/Bear Power remains negative, and XRP is trading near weekly resistance, with volatility at 9.19%.
Consolidation likely as volatility and bearish signals temper breakout hopes
Looking ahead to the next 7 days, XRP is likely to trade within a range of $1.27 to $1.51, consistent with current volatility. A baseline scenario sees price consolidating within this corridor as investors absorb recent regulatory and institutional developments. While a breakout above $1.51 could open the door for a stronger rally, this is less probable given all W1 indicators favoring bears. A drop below $1.27 would expose XRP to renewed selling pressure and possible further downside.
Previously it was reported that, despite increased institutional inflows following regulatory clarity, XRP faced conflicting technical signals and limited momentum, making a sustained breakout uncertain. The current analysis reinforces this cautious outlook, highlighting persistent medium- and long-term bearish pressure, with traders advised to monitor for a potential downside move if XRP decisively breaks below $1.27 in the coming week.
- Forex
- Crypto