Although XRP found buyers after one of the harshest sales waves of the year, the latest recovery is considered as a balancing effort rather than indicating a new upward trend. The token responded from levels seen before the November 2024 breakout, but bullish attempts continued to be met with selling. This outlook showed that XRP is stuck between the oversold zone and market conditions where risk reduction continues.
Outflows and fund flows are monitored
It has been reported that more than 25 million XRP has been withdrawn from stock exchanges in recent days. Such outflows may indicate an accumulation tendency rather than short-term selling pressure. During the same period, capital inflows into XRP-linked ETF products also continued. While an inflow of approximately 118 million dollars was recorded throughout May, it was stated that the total cumulative inflows approached 1.4 billion dollars.
Mini glossary: An ETF is an exchange-traded fund that tracks the price of an asset or group of assets. Although inflows into crypto-related ETF products are not directly reflected in the spot market, it is an important indicator that institutional interest continues.
While there was an inflow of approximately 118 million dollars into XRP-related ETF products in May, the total inflows approached 1.4 billion dollars, indicating that a tendency to collect from the bottom was observed in the market.
Analysts and various forecast models highlight the $1.10 to $1.20 range as a possible stabilization zone following the 17% pullback in the last week. The price is up 1.6% in the last trading session, recovering from a low of around $1.09 and moving back up to around $1.14.
| Weekly change | 17% decrease |
| In-session recovery | 1.6% rise |
| balance zone | $1.10 to $1.20 |
| close support | $1.13 to $1.14 |
| initial resistance | $1.15 |
Pressure continues on technical outlook
It was stated that the strongest movement came in the 22:00 UTC session, when the trading volume increased to 145.3 million XRP and the price moved above the resistance around $1.1350. However, momentum weakened towards the close. XRP fell from $1.1488 to $1.1386 and buyers re-entered the support zone.
However, there was no significant change in the broader technical outlook. Despite the recent bounce, XRP remained within the descending channel. Although the recovery eased the short-term downward pressure, the lower peak structure remained intact.
The price action looks more like a process where the market is searching for a bottom rather than the beginning of a new rise; The recent reaction reduced the downside pressure but did not eliminate the broader bearish pattern.
It was stated that the relative strength index fell to one of the lowest oversold levels since before the November 2024 rally. Although this indicates that the selling pressure may be losing its strength, it is considered that the purchases have not yet produced permanent momentum.
Featured levels
Following the recent reaction, the $1.13-$1.14 band emerged as the main support area in the short term. Above, the $1.15 level is viewed as both the first significant resistance and the upper limit of the current descending channel. A price move above $1.20 would be the first strong sign that the damage inflicted by the last sell-off is beginning to be repaired.
On the other hand, if the support around $1.10 is broken again, the market’s attention may turn to the $1.00 level, which is considered psychologically important. Latest data shows that although there are accumulation signals below the surface, pricing has not yet revealed a clear change in direction.
