Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token’s upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.
XRP cooling demand limits momentum
Retail interest in XRP derivatives remains relatively stable, given perpetual futures Open Interest (OI) stands at 2.21 billion XRP on Monday, up from 2.19 billion XRP the previous day. According to CoinGlass, OI has stabilized following the drop to 2.37 billion XRP on July 20, indicating that investors lack the conviction to remain exposed to risk. Besides, an attempt to sustain a breakout lost momentum around $1.16 last Tuesday.
Appetite for XRP spot Exchange-Traded Funds (ETFs) continued to deteriorate, considering activity remained muted on Wednesday, Thursday and Friday. According to SoSoValue data, cumulative inflows average $1.49 billion, with net assets under management at $1.01 billion, suggesting that investors have a longer-term interest in XRP, which may help stabilize the price amid the current technical weight.
Geopolitical tensions in the Middle East eased over the weekend as United States (US) President Donald Trump paused military action against Iran to give space for dialogue. Iran also responded by suspending strikes on US military bases in the region. Oil prices have seen a sharp decline on Monday, reflecting easing tensions between the two countries as they seek a diplomatic solution toward a lasting peace agreement.
Price analysis: XRP extends consolidation
XRP trades at $1.11, keeping a bearish near-term bias as it holds well below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). The nearest confluence of resistance sits just overhead around $1.14, where the 50-day EMA aligns with the 78.6% Fibonacci retracement level, suggesting that rebounds are likely to face supply quickly.
The Relative Strength Index (RSI) at 49 is effectively neutral on the daily chart, while the Moving Average Convergence Divergence (MACD) line remains marginally above zero, hinting that downside pressure is present but not yet accompanied by strong momentum.
The first notable support emerges at the 100% Fibonacci retracement level near $1.01, where buyers may attempt to build a base if selling resumes. If price fails to hold this floor, the broader Fibonacci structure would leave XRP exposed to a deeper retracement toward prior cycle levels, reinforcing the view that the pair must reclaim the $1.14 cluster to ease immediate downside risks and open the way toward the 100-day EMA at $1.22 and the 61.8% Fibonacci retracement at $1.24.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
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