XRP trades at $2.5156, holding above the MA-20 ($2.4366) but still below the MA-50 ($2.6077) and MA-200 ($2.6271). This configuration signals positive short-term momentum, but medium- and long-term trends remain under selling pressure, with Ichimoku Kijun ($2.3820) providing dynamic support and the next resistance near the MA-50.
Highlights
- Spot XRP ETFs from Franklin Templeton, Bitwise, Canary Capital, and 21Shares have been listed on DTCC, pending final SEC approval for trading.
- Ripple completed a $500 million capital raise, formed partnerships with Mastercard and WebBank, and acquired crypto custody firm Palisade.
- On-chain data shows long-term holders have realized substantial profits, increasing token supply and slowing new investor inflow, while CME Group’s XRP futures saw rising weekly turnover from institutional demand.
Supply overhang rises as institutional ETF flows and profit taking clash
A wave of institutional developments has unfolded for XRP as multiple spot ETFs from Franklin Templeton, Bitwise, Canary Capital, and 21Shares have been listed on the Depository Trust & Clearing Corporation (DTCC), paving the way for trading upon final SEC approval. Ripple has reinforced its position with a $500 million capital raise, new partnerships with Mastercard and WebBank, and the acquisition of crypto custody firm Palisade, while ongoing efforts include securing an SEC no-action letter for its Standard Custody & Trust subsidiary. On-chain data shows long-term holders have taken substantial profits, causing higher token supply in the market and a slowdown in new investor inflow, alongside rising weekly turnover in CME Group’s XRP futures driven by institutional demand.Mixed momentum and short-term buying as volatility drives price rebound
Momentum indicators show mixed signals, with daily MACD and ADX on "sell", while oscillators such as RSI and CCI are moderately weak but not oversold. BBP and most short-term timeframes point to buyers leading intraday action. The Awesome Oscillator stays neutral, not strongly reinforcing the move. Today’s session opened above the previous close, creating a small bullish gap, and the current price is pushing near the top of the intraday range following a sharp 10.32% gain, reflecting high volatility and clear strength toward session highs. Contradictory signals from higher timeframe oscillators and short-term momentum suggest the rebound may be driven by short covering or reactive interest, not broad underlying strength. Last time, it was highlighted that Ripple completed a $500 million strategic funding round led by major financial firms to support acquisitions and payment integrations. Previously it was noted that positive momentum in XRP was driven by factors including a breakout on the chart and improving sentiment according to market analysts.- Forex
- Crypto