XRP Consolidates Near Key Technical Resistance as Spot ETF Inflows Continue
Technical indicators point to a potential breakout for XRP as institutional demand via spot exchange-traded funds sustains steady inflows.
Technical analyst Ali Martinez noted that XRP has formed a descending triangle pattern on the one-hour chart, with buyers defending support near $1.3851. According to the analyst, a sustained close above $1.40 could trigger a roughly 5% move toward the $1.46 resistance level if selling pressure diminishes near the pattern's apex.
The technical setup coincides with ongoing demand through institutional channels. United States spot XRP exchange-traded funds have recorded eight consecutive weeks of net inflows, accumulating $202.28 million to reach $1.48 billion in total net assets, according to SoSoValue data.
Over the trailing 30 days, XRP gained more than 34%. At the time of reporting, the token changed hands near $1.40 with a market capitalization of $87.92 billion, while 24-hour trading volume fell 3.28% to $2.03 billion. The report suggests that further ETF accumulation could influence near-term price momentum.
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