Ripple (XRP) is correcting on Monday, trading around $1.48, a 13% drop from last week’s peak of $1.70. The remittance token surged about 72% from $1.00 last week, in line with the broader crypto market’s bullish outlook.
A higher support level would go a long way toward reasserting bullish control. However, if profit-taking continues, XRP could be forced to give back some gains as it seeks stronger support.
XRP attracts growing ETF inflows
US-listed XRP spot Exchange-Traded Funds (ETFs) extended their bullish streak for the sixth consecutive week, with inflows of approximately $40 million through Friday. This marks a major jump from the $2.25 million recorded during the week ending on August 14.
Meanwhile, cumulative inflows stand at $1.55 billion, rising from $1.51 billion over the same period. SoSoValue data shows total assets under management at $1.33 billion, up from $933 billion.
Retail demand remains relatively elevated with perpetual futures Open Interest (OI) at 2.5 billion XRP on Monday, up from 2.42 billion the previous day. If OI continues to expand, it could offset sell-side pressure amid possible profit-taking after last week’s rally.
“The more realistic marker to watch isn’t last summer’s $3.65 peak but the 1.40–1.50 zone, the range XRP held for much of early 2026 before this year’s breakdown; reclaiming it would mark real recovered ground rather than a fresh high,” Iliya Kalchev, Nexo’s Dispatch Analyst, told FXStreet.
Technical analysis: XRP rally takes a breather
XRP trades around $1.48 after a rejection at last week’s highs of $1.70. Despite the rejection, the remittance token extends a strong bullish phase after breaking well above its key Exponential Moving Averages (EMAs). The 200-day EMA at $1.35 now underpins the advance, with the 100-day EMA at $1.18 and the 50-day EMA at $1.14 reinforcing a stacked bullish structure below price.
The SuperTrend line at $1.25 also sits comfortably below the market, suggesting the broader uptrend remains intact. Momentum is stretched, as the Relative Strength Index (RSI) holds in overbought territory at 80, while the Moving Average Convergence Divergence (MACD) stays positive, suggesting the bullish impulse is strong but increasingly vulnerable to a corrective pullback.
Immediate support lies at the recent price zone around $1.48, followed by firmer technical demand at the 200-day EMA near $1.35. Below that, SuperTrend support at $1.25 and the 100-day and 50-day EMAs at $1.18 and $1.14, respectively, define a broader bullish base that would likely attract buyers on deeper dips. As long as XRP holds above these clustered supports, the near-term bias remains constructive, although the overbought RSI warns that consolidation or a retracement toward the $1.35-$1.25 area cannot be ruled out before the next directional leg.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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