XRP price prediction: Will $1.0635 support hold? XRP trades flat
XRP (XRP) is trading at $1.1052, down 0.91% on the day. The asset currently sits above its key short-term moving average but remains below longer-term averages.
Highlights
- Seven weeks of institutional inflows into XRP spot ETFs have lifted cumulative demand to $1.35 billion, reducing exchange liquidity.
- XRP exchange reserves have fallen to a seven-year low as more tokens move into long-term custody, tightening tradable supply.
- Technical signals remain strongly bearish with high downside probability, projecting a $1.0635 to $1.1276 range in the next 2–3 days.
Institutional ETF inflows tighten XRP supply amid bearish sentiment
Seven consecutive weeks of institutional inflows into XRP spot ETFs have brought cumulative demand to $1.35 billion, increasing ETF-held supply while reducing the amount available on exchanges, according to 99bitcoins. At the same time, XRP exchange reserves have fallen to a seven-year low as tokens shift into long-term custody, affecting liquidity patterns across trading venues. Despite these structural changes, the asset continued to face bearish pressure amid long liquidations and evolving regulatory progress for Ripple in the EU and the US, as reported by News Bitcoin and Capital, though price action has remained under broader selling pressure.
Bearish momentum persists as XRP fails to reclaim resistance
On the technical front, XRP is positioned above its MA-20 at $1.104 but remains capped below the MA-50 at $1.121 and firmly beneath the MA-200 at $1.5343. The immediate resistance is defined by the Ichimoku Kijun at $1.1109. Key momentum indicators are negative: MACD signals a strong sell and ADX also points to a sell, while RSI sits at 37.64 and CCI continues to indicate selling pressure. Stoch RSI remains neutral, BBP highlights seller dominance intraday, and the Awesome Oscillator aligns with broad downside momentum.
Downside risks increase as breakout odds diminish within range
In the short term, XRP is expected to remain within a price range of $1.0635 to $1.1276, reflecting a typical volatility band relative to current levels. The likelihood of an upward breakout is low, while the probability of further downside remains elevated. A bullish scenario would require a decisive move above immediate resistance at $1.1109, but if selling accelerates, a breakdown through $1.0635 support is increasingly likely.
Previously it was reported that Ripple secured preliminary approval for a MiCA Crypto Asset Service Provider license, positioning itself to expand regulated crypto services across the European Economic Area. The current technical outlook for XRP adds a new dimension as persistent selling pressure and diminished exchange liquidity increase the likelihood of a downside move, making the $1.0635 support level crucial for traders to monitor in the near term.
- Forex
- Crypto