XRP price prediction: Downtrend ahead? Market consolidates as ETF launches break records
XRP is trading at $2.2868, below the MA-20 ($2.4166), MA-50 ($2.5591), and MA-200 ($2.6309), signaling persistent selling pressure across the short, medium, and long-term timeframes. The nearest dynamic resistance is the Ichimoku Kijun level near $2.3820, while immediate support is now aligned close to the session low.
Highlights
- Canary Capital's U.S. spot XRP ETF launched on Nasdaq with over $58 million in first-day trading volume and $250 million in inflows, driven by large institutional pre-orders.
- Custody of the new XRP ETF is split between Gemini Trust and BitGo, facilitating risk management and institutional participation in the product.
- SEC regulatory provisions and system updates by the Depository Trust & Clearing Corporation enabled streamlined approval and efficient settlement for XRP-linked securities, with more XRP ETFs expected soon.
Record ETF inflows and streamlined approvals boost institutional XRP demand
The debut of the first U.S. spot XRP ETF by Canary Capital on Nasdaq broke records, reaching over $58 million in first-day trading volume and attracting $250 million in inflows, supported by substantial institutional pre-orders and split custody between Gemini Trust and BitGo. Regulatory approval was streamlined by SEC provisions and system updates by the Depository Trust & Clearing Corporation, ensuring efficient settlement for XRP-linked securities. Additional XRP ETF launches by other asset managers are anticipated as regulatory reviews accelerate.
Bearish momentum persists as oscillators approach oversold conditions
Momentum signals show a bearish setup, with MACD on D1 in “strong sell” territory and ADX at 34.7 reflecting a firmly established downtrend. RSI (41.6), CCI (–85.8), and Stoch RSI (41.2) indicate the asset is drifting toward oversold conditions but not yet at an extreme low, while BBP’s negative read suggests sellers dominate short-term momentum. The daily performance shows a small decline, slipping 0.31% ($2.294 previous close to a $2.2431 open), with no notable opening gap. The current price sits mid-range for the day amid moderate volatility and pressure following the open. There is mild divergence between mildly oversold oscillators and firmly bearish momentum, with intraday weakness broadly confirming bearish signals.
Further declines favored as buy signals remain absent in weekly outlook
For the next five trading days, the expected price range is adjusted to $2.05 – $2.50 to reflect realistic volatility around the current level. The probability of a sustained price increase is very low (less than 20%), making further declines more likely based on the lack of buy signals among key weekly indicators. The baseline scenario calls for XRP to consolidate between support near $2.05 and resistance around $2.38. In a bullish scenario, a surge above resistance could target the upper band near $2.50. Conversely, a bearish break below $2.05 could expose XRP to further downside toward round-number psychological levels.
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