 ▲ XRP (XRP) ETF / ChatGPT-generated image © |
XRP (Ripple) has entered a consolidation phase after a sharp pullback, holding a key support line, while continued inflows into spot ETFs are fueling subtle shifts in underlying market dynamics.
According to financial investment outlet FXStreet on February 10 (local time), XRP maintained support around the $1.40 level during the session, showing constrained price movement. After sliding to $1.12 last week, the token attempted a rebound but was capped near $1.54, leaving prices trapped in a short-term range between support and resistance.
Institutional fund flows are showing early signs of change. U.S.-listed XRP spot ETFs recorded net inflows of $6.3 million in a single day, bringing cumulative inflows to $1.23 billion. Assets under management stand at approximately $1.04 billion, with XRP spot ETFs marking four consecutive trading days of inflows. According to CoinShares data, XRP-related investment products alone attracted $39 million in inflows last week, pushing total assets under management across such products to $2.6 billion.
By contrast, the derivatives market remains cautious. XRP futures open interest has stalled around $2.5 billion, ticking up only slightly from the previous day. This suggests that traders are largely maintaining existing positions rather than opening aggressive new ones. Notably, liquidation volumes have declined sharply: long liquidations totaled $1.38 million, while short liquidations amounted to $263,000, a clear contrast to the large-scale liquidations seen during last week’s market sell-off.
From a technical perspective, pressures remain elevated. XRP continues to trade below the 50-day moving average at $1.81, the 100-day at $2.00, and the 200-day at $2.18, with downward-sloping moving averages capping upward momentum. The MACD remains below its signal line, though the negative histogram is narrowing, indicating easing selling pressure. The Relative Strength Index sits near 34, not yet in oversold territory and offering limited immediate rebound momentum.
In the near term, analysts suggest that a gradual recovery in the RSI toward neutral levels is needed for XRP to extend a rebound toward $1.54 and the 50-day moving average. However, a descending trendline from the $3.66 peak is forming strong resistance near $2.15. Failure to break above this level could leave downside pressure dominant, with markets remaining alert to a potential retest of the $1.25 and $1.12 zones.
*Disclaimer: This article is provided for investment reference only and the publisher assumes no responsibility for investment losses incurred based on its content. The information should be interpreted solely for informational purposes.*