XRP Price Forecast: XRP eyes rebound above $1.40 despite sluggish market interest

• XRP holds lifeline support at $1.38 on Friday as bulls target short-term breakout above $1.40.
• XRP retail and institutional demand cools with Open Interest falling to $2.59 billion amid muted ETF activity.
• The SuperTrend indicator maintains a buy signal despite major moving averages capping XRP’s recovery potential.

Ripple (XRP) appears to have found support at $1.38 on Friday, after a significant correction following its weekly high at $1.47, tagged on Wednesday. The remittance token shows subtle rebound signals, aiming for a short-term breakout above the $1.40 supply threshold.

Cooling market interest weighs on XRP

Institutional demand for XRP spot ETFs stalled on Thursday, as SoSoValue reported zero inflows. This marks a pause after three consecutive days of robust inflows: $3.87 million on Monday, $11.28 million on Tuesday, and $13.03 million on Wednesday.

Despite softening demand, cumulative inflows average $1.32 billion, up from $1.29 billion on Monday. Total assets under management stand at $1.08 billion, up slightly from $1.07 billion in the same period.

XRP derivatives demand cooled on Friday to $2.59 billion, from $2.61 billion the previous day. Despite the XRP price showing subtle signs of a rebound toward $1.40, softening retail demand suggests sellers are increasingly opening short positions, anticipating a break below the daily support at $1.38.

Meanwhile, with liquidity clustered around the $1.40 supply area, heightened volatility could challenge the bulls’ short-term objective.

Technical outlook: XRP tests rebound strength despite limited upside

XRP trades at $1.39, keeping a bearish near-term bias as price remains capped beneath a pack of key moving averages. The 50-day Exponential Moving Average (EMA) at $1.41 is the first barrier overhead, with the longer-term 100-day and 200-day EMAs at $1.50 and $1.72 reinforcing a broader downside tone.

A downtrend resistance line, whose break level aligns at $1.45, further limits bullish ambitions. Moreover, the Relative Strength Index (RSI) is near 49 on the daily chart, while a slightly negative Moving Average Convergence Divergence (MACD) histogram hints at lackluster momentum rather than an imminent upside breakout.

On the downside, initial demand is seen at the SuperTrend line, now providing support around $1.32 and marking the first level where dip buyers could attempt to steady the market.

On the topside, a sustained close above the 50-day EMA at $1.41 would be the first sign of easing bearish pressure, exposing the descending trendline resistance near $1.45. Further gains would then bring the 100-day EMA at $1.50 into focus, ahead of the more distant 200-day EMA at $1.72.

(The technical analysis of this story was written with the help of an AI tool.)