Ripple Price Forecast: XRP builds breakout momentum despite weakening demand

• XRP climbs above the $1.50 pivotal level, raising the odds of another breakout.
• XRP spot ETF activity remained muted on Tuesday while the futures Open Interest stalled, signaling softening investor interest.
• XRP retains a bullish outlook, with the RSI edging higher above the midline and major moving averages providing support.

Ripple (XRP) is gaining momentum above $1.50 at the time of writing on Wednesday, as the cryptocurrency extends stability following the cooldown from last week’s rally. A daily close above $1.50 would reinforce the neutral-to-bullish stance and increase the chance of recovery and an extended breakout to September highs of $1.66 and August highs of $1.70.

XRP ticks up despite slowing demand

Institutional appetite for XRP spot Exchange-Traded Funds (ETFs) took a back seat amid muted activity on Tuesday. US-listed ETFs recorded no flows, leaving cumulative inflows at $1.79 billion while net assets under management average $1.7 billion. The lack of flows suggests demand may be softening, but institutional investors still view XRP as a fundamentally strong long-term asset.

The derivatives market signals stable demand, with futures Open Interest (OI) at 2.34 billion XRP on Wednesday. Broadly, OI has steadied at this level since Tuesday after falling from 2.46 billion on Monday.

A resumption of the uptrend from mid-September would support the bullish outlook and encourage traders to take on more risk. Still, continued stalling or a decline in the OI would mean that interest in the remittance token is falling and may trigger an extended drawdown.

Technical analysis: XRP ticks up reclaiming $1.50

XRP trades at $1.51, extending its advance well above the major Exponential Moving Averages, which keeps the near‑term bias bullish. Price stands over the 50‑day EMA at $1.37 and the 200‑day EMA at $1.37, while the 100‑day EMA at $1.31 and the SuperTrend line at $1.28 trail as additional underlying demand.

The Relative Strength Index RSI) at 58 sits in positive territory but shy of overbought, and the Moving Average Convergence Divergence (MACD) indicator has flattened just below the zero line, hinting that upside momentum is constructive but may be losing some vigor after the latest rally.

On the downside, initial support is clustered around the 50‑day EMA at $1.37 and the 200‑day EMA at $1.37, where any pullback could find buyers on a first test. Below this area, the 100‑day EMA at $1.31 and the SuperTrend level at $1.28 form a deeper demand zone that would come into focus if corrective pressure extends, while the absence of nearby overhead levels leaves the pair looking for a new resistance reference as the current leg higher matures.

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