XRP held above the $1.30 support area over the past 24 hours and inched higher on Friday, trading around $1.32 after earlier attempts to push toward $1.40 failed. Broader market caution also weighed on sentiment, with bitcoin slipping below $82,000 and ether retreating toward $2,400.
Despite the modest price rebound, demand for XRP through US-listed spot exchange-traded funds has been only partially supportive. SoSoValue data shows US spot XRP ETFs recorded about $709,000 in net inflows on Wednesday, followed by roughly $3.55 million on Thursday, after two consecutive sessions of muted activity—leaving the market to watch whether fund flows can meaningfully absorb selling pressure.
Key takeaways
- Price move: XRP steadied near $1.30 and recovered to around $1.32 on Friday, after unsuccessful attempts to reach $1.40.
- Catalyst: Small but positive spot ETF inflows were reported alongside a separate delay in an XRP Ledger bug-fix amendment process.
- Implication for traders: Technical resistance looks concentrated in the $1.34 to $1.38 area, and failing to defend $1.30 increases downside risk.
- ETF demand signal: Cumulative net inflows remain positive, but the latest inflow pace appears insufficient to clearly overpower broader selling.
What drove the market move
On the exchange-traded product front, SoSoValue reported net inflows into US-listed spot XRP ETFs of approximately $709,000 on Wednesday and about $3.55 million on Thursday. The inflow sequence followed two sessions described as having muted activity.
While those purchases helped limit downside near the $1.30 area, the overall effect was constrained. The report also noted that the products’ cumulative net inflows remained positive at around $1.8 billion, with holdings of roughly $1.6 billion in net assets. However, because cumulative net inflows reflect subscriptions and redemptions while net assets also move with underlying prices, the relationship between flow momentum and spot price support can be imperfect in the short run.
Separately, an XRP Ledger bug-fix amendment process did not proceed as scheduled. A postponement was linked to validator support temporarily dropping below the activation threshold, with the count reported to fall to 26 validators before recovering to 31.
How the ledger update reset
The amendment’s timing was reset after validator support dipped. The mechanism requires at least 29 validators to support an amendment for it to exceed the required 80% threshold, given that the network’s default trusted set contains 35 validators.
Once the support threshold is met, that backing must remain in place throughout a 14-day countdown, with checks occurring approximately every 15 minutes. The patch is described as addressing multiple issues, including a token-creation loophole and elements related to lending-code behavior.
For XRP holders, the key takeaway is that governance and operational timelines can remain sensitive to network participation metrics, even when price action appears stable near nearby technical levels.
Technical picture: resistance overhead, support in focus
From a chart perspective, XRP’s near-term structure remains bearish. The token is trading below several key exponential moving averages, which tends to cap rebounds until price can reclaim those levels.
The first resistance level cited is the 100-day EMA near $1.34. Above that, the 50-day and 200-day EMAs are described as forming a tighter barrier around $1.37 to $1.38. If XRP can sustain a recovery through these averages, market watchers said attention could shift to a higher SuperTrend resistance level near $1.47.
Momentum indicators point to limited control by buyers. The daily Relative Strength Index is reported around 43, while the MACD remains slightly negative, suggesting the rebound still lacks broad technical traction. The $1.30 demand area remains the key line in the sand: a sustained break below it would weaken the stabilization attempt and could prompt renewed selling.
In a downside scenario, the article pointed to potential movement toward a lower support reference around $1.2461, along with another demand zone below $1.240.
On the weekly timeframe, the outlook is characterized as mixed. The weekly MACD histogram remains positive but is easing, while the weekly RSI is around 48, signaling limited directional strength. A more distant weekly support reference was mentioned near $0.94 via the SuperTrend indicator, framed as a broader downside scenario rather than an immediate target.
For now, the most immediate improvement would be continued defense of $1.30 and a move back above $1.34, which would be the first indication that buyers are regaining traction under the heavier resistance band.
What to watch next
Investors tracking XRP may focus on whether spot ETF inflows remain consistently positive and whether price can reclaim the $1.34 level without slipping back below $1.30. In the near term, attention will also stay on broader crypto market direction—given bitcoin and ether’s recent weakness—and on any updated developments around XRP Ledger amendment scheduling and validator participation.
