XRP climbed from around $1.11 to $1.14 during the past week, briefly testing resistance near $1.16 before pulling back. The advance followed nine consecutive weeks of net inflows into XRP investment products totaling approximately $17.2 million, though the most recent weekly inflow figure fell to roughly $12 million. The slowing pace of fresh inflows suggests institutional demand remains positive but is no longer accelerating. The CLARITY Act and U.S. regulatory developments remain potential catalysts for the asset, as clearer rules could strengthen institutional conviction.
XRP Records Nine-Week Inflow Streak With Slowing Weekly Pace
XRP investment products registered nine consecutive weeks of net inflows totaling about $17.2 million. The most recent weekly figure fell to roughly $12 million, marking a deceleration in the pace of fresh capital entering the market. Lighter selling volume during the recent pullback suggests profit-taking rather than aggressive distribution, according to the source. The relationship between price movement and fund flows becomes less reliable when inflows begin to cool.
Technical Pattern Shows Cup-and-Handle Formation Since Early July
XRP has been working through a potential cup-and-handle pattern developing since early July. The neckline sits closer to the $1.16 to $1.17 area. Consolidation since July 21 resembles the handle formation, provided buyers defend current support levels. The earlier breakout from the $1.14 area came with a noticeable jump in trading volume, establishing a benchmark for meaningful market participation.
Price Levels Mark Support at $1.12 and Resistance at $1.16
Support is clustered around $1.12 to $1.13, where recent lows have attracted buyers. A stronger floor sits near $1.05. Immediate resistance stands between $1.16 and $1.18, followed by $1.32. A breakout above that level could expose resistance near $1.46. The base case keeps XRP trading between $1.12 and $1.18 as traders wait for fresh regulatory or macro catalysts.
MVRV Data Indicates Negative 30-Day and 365-Day Readings
Negative 30-day and 365-day MVRV readings suggest many holders remain underwater. Some contrarian investors view this condition as an opportunity rather than a warning, according to the source.
FAQ
What price levels did XRP reach during the past week?
XRP climbed from around $1.11 to $1.14 during the past week, briefly testing resistance near $1.16 before easing back.
How much capital flowed into XRP investment products over nine weeks?
XRP investment products recorded nine consecutive weeks of net inflows totaling approximately $17.2 million, though the most recent weekly inflow fell to roughly $12 million.
What technical pattern has XRP been forming since early July?
XRP has been working through a potential cup-and-handle pattern developing since early July, with the neckline positioned near $1.16 to $1.17 and consolidation since July 21 forming the handle.
