Ripple’s XRP remains under pressure, trading around $1.10 on Thursday as a downtrend that began in mid‑May shows little sign of abating — even as institutional interest strengthens.
Macro headwinds keep risk appetite muted
Geopolitical uncertainty between the United States and Iran has kept markets on edge. Recent developments included renewed military exchanges after US President Donald Trump accused Iran of dragging its feet on a potential peace deal. The US carried out additional strikes described as defensive, and Iran’s Islamic Revolutionary Guard Corps reportedly launched attacks against US facilities in Kuwait, Bahrain and Jordan. The flare‑up has amplified volatility across financial and crypto markets, constraining investor risk appetite and likely weighing on retail participation in XRP.
Institutions keep buying while futures activity cools
Despite the risk‑off backdrop, institutional flows into XRP‑linked products remain steady. CoinGlass reports spot XRP ETFs drew roughly $7.44 million on Tuesday and another nearly $1.2 million on Wednesday. At the same time, XRP futures Open Interest was about $2.43 billion on Thursday — a level that, if trending lower, typically signals reduced speculative activity and weaker conviction among short‑term traders.
Technical picture: bounce, but bears still in control
XRP’s short‑term bounce faces stiff technical resistance. Key points:
- Current price: ~ $1.10
- Momentum: RSI near 44 — weak demand, just above oversold territory
- MACD histogram: still negative, indicating prevailing bearish momentum
- Moving averages: trading below major moving averages, suggesting the longer‑term downtrend remains intact
Upside scenario: a decisive break above $1.26 would be an early sign of renewed bullish momentum, with the 50‑day EMA at $1.30 as the first meaningful target. Further resistance sits at $1.40 and $1.61.
Downside risks: if sellers reassert control, XRP could retest support at $1.05 and may slip below $1.00 toward demand zones near $0.95.
Bottom line
XRP’s latest rebound is being underpinned by steady ETF inflows and growing institutional demand, but declining futures activity, persistent geopolitical risk and a bearish technical structure mean any recovery is tentative. Traders should watch ETF flows and open interest alongside price action around the $1.26–$1.30 zone for clues on whether bulls can reclaim control.
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