XRP briefly pushed higher, climbing to around $1.10 before giving ground, as steady demand from US spot exchange-traded funds and a new institutional product launch tied to the XRP Ledger supported buyers. The move underscored how ETF flows and regulated tokenized-fund initiatives are helping underpin sentiment, even as traders continue to face technical resistance near recent breakout levels.
According to SoSoValue, US spot XRP ETFs logged about $584,000 in net inflows on July 29, reversing a three-day run of daily outflows. The modest inflow helped keep the funds in positive territory for a third consecutive week, though it also remained small relative to the token’s roughly $1.26 billion in spot trading volume.
Key takeaways
- Price move: XRP rose toward $1.10 before retreating, with resistance still limiting follow-through.
- Catalyst: Continued ETF inflows, plus Aviva Investors’ plan to launch a tokenized USD Liquidity Fund on the XRP Ledger.
- Implication: ETF demand appears to support dips, but traders are likely to require a decisive break above key resistance zones to sustain a broader recovery.
- Watch item: Ongoing US regulatory uncertainty around the CLARITY Act could weigh on institutional appetite if timelines slip again.
What drove the move
ETF flows provided the clearest near-term demand signal. The SoSoValue data showed net inflows on July 29 helped stabilize sentiment after prior outflows, with the products remaining net positive on a weekly basis.
Institutional activity also added support. Aviva Investors, the UK asset manager overseeing around $350 billion in assets, plans to launch a tokenized share class of its USD Liquidity Fund on the XRP Ledger for eligible investors using crypto wallets. The fund is designed to provide regulated exposure to short-term US dollar debt instruments via public blockchain infrastructure.
Aviva said the fund received approval from the Central Bank of Ireland. Tokenization infrastructure is being provided by Securitize/Licuido, while Komainu is set to handle digital asset custody, alongside traditional custody support from BNY Mellon. The rollout followed the activation of the fixCleanup3_2_0 amendment on the XRP Ledger on July 29.
Together, these developments likely contributed to the token’s brief advance toward the $1.10 level. However, the rebound did not immediately translate into sustained buying, suggesting that sellers were still positioned around resistance.
Market reaction and positioning
After the ETF-supported lift, traders appeared to take profits rather than extend the breakout. Additional ETF-related demand was also reported on July 30, with around $6 million in net inflows recorded, according to the article’s cited figures—up from just over $584,000 the prior session. Even so, the market reaction suggested that the move was not yet strong enough to force a clean technical break.
Regulatory uncertainty remains a parallel factor investors are tracking. Participants are still focused on US legislative timelines for the Digital Asset Market Clarity (CLARITY) Act, after the bill was pushed back until September. Any further delays could keep regulatory overhang in focus for institutions considering or expanding exposure to digital assets.
Technical picture: improvement, but resistance remains
Technically, analysts cited in the report framed the recovery as an improvement in short-term momentum, but not yet a change in the broader trend. On the daily chart, XRP was described as trading near $1.08 and still below major exponential moving averages, including the 20-day EMA (about $1.0949), the 50-day EMA (about $1.1280), the 100-day EMA (about $1.2116), and the 200-day EMA (about $1.4079). That configuration, the report said, keeps overhead resistance active.
On-balance volume was reported to have stabilized around 43.14 billion after a prolonged decline, pointing to easing selling pressure even as sustained accumulation has not yet emerged. On shorter timeframes, the report noted MACD turning slightly positive after the MACD line crossed above the signal line, signaling improving short-term momentum—but with a shallow histogram that implies the bullish push is still developing.
Momentum indicators were also described as mixed. RSI hovered around 48.7, just below the neutral 50 level, suggesting no decisive advantage for either bulls or bears.
Bigger picture: where traders look next
Volatility expectations were linked to liquidation clustering, according to CoinGlass data cited in the report. The largest concentration of short liquidation liquidity sits between $1.09 and $1.10, overlapping with the 20-day EMA and the resistance area that rejected the latest attempt higher. A sustained move through that band could trigger additional liquidations and open the door to a test of the 50-day EMA near $1.13.
If support can be established above roughly $1.13, attention would likely shift to the $1.14 to $1.20 zone—an area identified by market analysts as important for changing XRP’s medium-term technical structure from corrective to bullish.
Downside support was also mapped. Another major liquidation pocket is described between $1.07 and $1.06. Losing that range could expose XRP to a move toward $1.05, while a further failure would bring the psychologically important $1.00 level back into focus.
For now, the report characterizes XRP as consolidating within a defined range, with a stronger breakout requiring clearer confirmation through rising buying volume and a decisive move above the resistance cluster around $1.10 to $1.13.
Investors will likely watch whether ETF inflows continue to translate into price strength, and whether US regulatory clarity efforts around the CLARITY Act progress toward the September timeline. Near-term catalysts also include continued product rollouts on the XRP Ledger and additional market confirmation from technical levels around $1.10 and $1.13.
