XRP managed to hold on to the $1.10 region after last week’s sharp decline. However, the recovery still appears fragile. Although institutional money flows continued to shift towards XRP-related products and futures trading volume increased significantly, the price continued to hover near multi-month lows. While Bitcoin and the overall market showed a stronger recovery, XRP remained relatively weak.
The price remained under pressure as fund inflows continued
XRP-related investment products recently received an additional $6.75 million in inflows. Thus, cumulative ETF inflows increased to approximately $1.44 billion. Although this picture indicates that corporate interest has not completely disappeared, an equally strong response has not yet occurred on the price side.
In the last 24 hours, XRP gained approximately 1 percent in value, rising to $1.1141. The strongest move on the day was seen in the later part of the session, as high-volume transactions broke the resistance near $1.1114. During this attack, the price briefly moved above $1.12. However, previous bullish attempts near $1.1352 were rejected and this area remained a prominent resistance point in the short term.
While money inflows into XRP-related products continued, the price still remained close to multi-month low levels, showing that the market maintained its cautious stance towards the token.
Mobility increased in futures transactions
On the futures side, approximately 5 billion dollars of volume was generated during the session. However, the amount of open interest remained close to the cycle bottoms. This outlook may indicate that investors are rearranging their existing transactions and continuing to reduce their risks rather than establishing strong long-term positions.
Signals from the market therefore revealed a mixed picture. While the increased volume indicates renewed interest from traders, the low level of open interest suggests that participants remain reluctant to aggressively take new directional risk. This means that although short-term activity has increased, a clearer directional confirmation is yet to come.
Critical thresholds stand out in the technical view
On the technical side, XRP continues to trade below its 50-day, 100-day and 200-day moving averages. This shows that despite the recent search for equilibrium, sellers in the broader structure maintain their advantage. Although the break above $ 1.11 at the end of the session is considered positive, it is stated that this occurred within a larger downward trend.
The first support zone to watch stands out at $1.10. It is important for the price to remain above this level in order to maintain the final search for stability. It is considered that if the range between $1.05 and $1.10 is lost, the $1.00 level may be discussed again in the market.
In upward movements, the range between 1.12 and 1.13 dollars is watched as the first resistance area. Above this, the $1.1352 level is also important as it is the point where the last rise stopped. It is reported that for a more meaningful technical improvement, $ 1.26 must be exceeded, in which case the focus may shift back to the range of $ 1.30 and $ 1.40.
Network update is on the calendar
The 3.2.0 version update for XRP Ledger is planned to be rolled out on June 15. The update is expected to reduce server memory requirements by approximately 40 percent. Additionally, the name of the core software will be changed from “rippled” to “xrpld”.
Mini dictionary: Open position refers to the total number of contracts that have not yet been closed in the futures market. If open interest remains low while trading volume increases, this may indicate short-term displacements or risk reduction rather than the accumulation of new long-term positions.
On the whole, XRP continues to underperform compared to the broader crypto market, despite showing signs of a limited recovery. Whether the price can stay above $1.10 and exceed the $1.12 to $1.1352 region is among the main headlines that are closely watched in terms of short-term direction.
