While the XRP price remains in a horizontal compression period, market commentators consider that breaking the critical resistance level could strengthen the uptrend. On the institutional side, the continued inflow of money into XRP-focused exchange investment products indicates that interest is maintained despite the general weakness in the cryptocurrency market.
Critical threshold stands out in the price outlook
XRP was traded at $1.05 at the time of press. The asset’s 24-hour trading volume is $1.6 billion and its market value is $65.72 billion. The 1.25% increase recorded in the last 24 hours has once again highlighted the expectation of a possible recovery in the technical outlook.
Crypto analyst EGRAG CRYPTO points out that XRP entered July below its 50-month simple moving average. According to the analyst, this outlook led to similarities with previous market cycles. EGRAG CRYPTO is known as a market analyst who has a large following on social media and stands out with his technical chart comments.
It is considered that the $ 1.65 level is the main resistance point for XRP on a macro scale, and if this region is exceeded, a new upward phase may begin.
Analysts remind that in the previous two cycles, XRP formed bottoms near the 88-month simple moving average and then exhibited strong rallies. Therefore, in the current structure, it is closely monitored whether the price will retest the 88-month average or quickly return to the 50-month average.
In the same evaluations, while the $ 1.65 level stands out as the main macro resistance, it is stated that maintaining permanence above this threshold may strengthen expectations for targets of $ 7.50 and higher. However, it seems that XRP is moving in the macro compression area at this stage and needs a strong break to determine its direction.
ETF inflows support institutional interest
On the corporate demand side, money inflows into XRP-based exchange traded funds attract attention. Although there is selling pressure in the entire cryptocurrency market, new resources continue to enter XRP-focused products. This chart shows that some large investors maintained their positions despite short-term fluctuations.
Bitwise’s XRP ETF product was the strongest performer in this space, with inflows of $11.94 million. Since launch in November, the fund’s net inflows have totaled more than $505 million.
Mini glossary: An ETF is an exchange-traded investment vehicle that tracks the price of an asset or basket of assets. Crypto-focused ETFs offer investors price-based access to the relevant asset without directly holding tokens.
| Indicator | Value |
|---|---|
| XRP price | $1.05 |
| 24 hour change | 1.25% increase |
| 24 hour volume | $1.6 billion |
| Market value | $65.72 billion |
| Bitwise XRP ETF daily entry | $11.94 million |
| Bitwise XRP ETF total net inflow | over $505 million |
The new inflow of $11.94 million into the Bitwise XRP ETF reveals that institutional demand continues despite the weak trend in the overall market.
The general atmosphere in the market also affects XRP
When the technical outlook on XRP and the growth on the ETF side are evaluated together, market participants think that an upward trend may gain strength. The limited rise seen in Bitcoin is among the factors that support the appetite for XRP, as in the general altcoin market.
On the other hand, it seems that the targets expressed by analysts are market expectations, and the resistance area around $ 1.65 continues to be decisive in terms of the direction of the price.
