XRP consolidates near $1.07 as institutional inflows persist for third week

XRP has held consolidation around the $1.07 level after repeatedly defending support near $1.04, signalling that selling pressure has eased without buyers yet establishing sustained control. The 20, 50, 100, and 200-period exponential moving averages cluster between $1.07 and $1.10, forming a strong resistance band that continues to limit upside momentum.

Momentum indicators show mixed signals. The RSI has climbed to 47.64, pointing to improved momentum, while the MACD has turned positive as its histogram has reduced and signal lines converge. These shifts suggest downside momentum is fading rather than reversing decisively. For a sustained rally, buyers must reclaim the $1.10 level before challenging $1.12 resistance.

Institutional support continues despite price remaining below major resistance levels. Weekly spot ETF inflows reached $14.86 million by 31 July, marking a third consecutive week of positive flows following a $7.18 million outflow on 10 July. Cumulative net inflows now stand at $1.51 billion, with total net assets at $988.78 million. On-chain data confirms this trend, showing 15.25 million XRP—roughly $16.27 million—in net inflows during week 31.

This steady accumulation could gradually reduce available supply if demand persists, though institutional support alone may continue stabilizing price rather than driving a sustained rally until buyers reclaim major resistance. XRP trades within a year-long pattern of lower highs, with $1.00–$1.05 providing consistent support and $1.10–$1.13 limiting every recovery attempt.