Ripple Price Forecast: XRP tests $1.00 key level amid mild capital inflows
- XRP clings to the critical $1.00 level despite a capped upside.
- XRP spot ETFs attract very mild inflows of $2.25 million last week.
- Retail demand holds steady, with perpetual futures Open Interest at 2.77 billion XRP.
Ripple (XRP) continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.
XRP sees modest ETF, steady retail demand
XRP spot Exchange-Traded Funds (ETFs) extended their bullish momentum, posting modest inflows of $2.25 million through Friday last week. This marks the fifth straight week of positive flows, reinforcing prevailing risk-on sentiment. Meanwhile, total cumulative inflows average $1.51 billion, with net assets reaching $933 million, underscoring institutional investors' constructive long-term outlook on the token.
Retail participation remains steady in the derivatives market, with perpetual futures Open Interest (OI) averaging 2.77 billion XRP on Monday, a slight increase from 2.72 billion XRP the previous day.
While retail OI has gradually climbed from 2.12 billion XRP on August 12, this uptick has yet to counterbalance the broader sell-off in XRP. Nevertheless, persistent demand in the derivatives space signals that retail investors continue to back XRP’s constructive long-term outlook.
Technical analysis: XRP extends range trading
XRP trades at $1.00, keeping a bearish near-term bias as price holds beneath all key Exponential Moving Averages (EMAs) and the active SuperTrend line. The pair is capped by the 50-day EMA at $1.08 and the SuperTrend resistance at $1.07, while the 100-day and 200-day EMAs, at $1.16 and $1.35 respectively, remain well above the market and reinforce a broader downside structure. The Relative Strength Index (RSI) sits around 37 on the daily chart, below the neutral 50 mark and suggesting sellers still have control.
On the topside, initial resistance aligns at the SuperTrend level near $1.07, followed by the 50-day EMA just above $1.07. Together, these indicators form a nearby supply band that bulls would need to reclaim to ease immediate pressure.
Higher up, the 100-day EMA around $1.16 and the 200-day EMA near $1.35 mark progressively stronger resistance layers within the prevailing downtrend, while the long-running descending trendline from $1.55 continues to define the broader bearish backdrop. Any rebound toward these overhead levels is likely to be a corrective bounce unless price can sustain a break above the nearest resistance cluster.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Cryptocurrency metrics FAQs
The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.
Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.
Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.
Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.
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