Ripple (XRP) continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.
XRP sees modest ETF, steady retail demand
XRP spot Exchange-Traded Funds (ETFs) extended their bullish momentum, posting modest inflows of $2.25 million through Friday last week. This marks the fifth straight week of positive flows, reinforcing prevailing risk-on sentiment. Meanwhile, total cumulative inflows average $1.51 billion, with net assets reaching $933 million, underscoring institutional investors’ constructive long-term outlook on the token.
Retail participation remains steady in the derivatives market, with perpetual futures Open Interest (OI) averaging 2.77 billion XRP on Monday, a slight increase from 2.72 billion XRP the previous day.
While retail OI has gradually climbed from 2.12 billion XRP on August 12, this uptick has yet to counterbalance the broader sell-off in XRP. Nevertheless, persistent demand in the derivatives space signals that retail investors continue to back XRP’s constructive long-term outlook.
Technical analysis: XRP extends range trading
XRP trades at $1.00, keeping a bearish near-term bias as price holds beneath all key Exponential Moving Averages (EMAs) and the active SuperTrend line. The pair is capped by the 50-day EMA at $1.08 and the SuperTrend resistance at $1.07, while the 100-day and 200-day EMAs, at $1.16 and $1.35 respectively, remain well above the market and reinforce a broader downside structure. The Relative Strength Index (RSI) sits around 37 on the daily chart, below the neutral 50 mark and suggesting sellers still have control.
On the topside, initial resistance aligns at the SuperTrend level near $1.07, followed by the 50-day EMA just above $1.07. Together, these indicators form a nearby supply band that bulls would need to reclaim to ease immediate pressure.
Higher up, the 100-day EMA around $1.16 and the 200-day EMA near $1.35 mark progressively stronger resistance layers within the prevailing downtrend, while the long-running descending trendline from $1.55 continues to define the broader bearish backdrop. Any rebound toward these overhead levels is likely to be a corrective bounce unless price can sustain a break above the nearest resistance cluster.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Crypto ETF FAQs
An Exchange-Traded Fund (ETF) is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.
Yes. The first Bitcoin futures ETF in the US was approved by the US Securities & Exchange Commission in October 2021. A total of seven Bitcoin futures ETFs have been approved, with more than 20 still waiting for the regulator’s permission. The SEC says that the cryptocurrency industry is new and subject to manipulation, which is why it has been delaying crypto-related futures ETFs for the last few years.
Yes. The SEC approved in January 2024 the listing and trading of several Bitcoin spot Exchange-Traded Funds, opening the door to institutional capital and mainstream investors to trade the main crypto currency. The decision was hailed by the industry as a game changer.
The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.
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