- XRP maintains support level as demand for ETFs declines, and technical barriers hinder recovery. XRP price holds a strong support level at $1.38 on Friday, with bulls targeting a short-term breakout above the $1.40 level. Demand for XRP from retail and institutional investors has decreased as open trading volume fell to $2.59 billion amid weak ETF activity. The SuperTrend indicator remains bullish despite major moving averages limiting XRP's recovery potential. It appears that Ripple (XRP) found support at $1.38 on Friday after a significant correction following its weekly high of $1.47 on Wednesday. The digital asset dedicated to financial transfers shows slight rebound signals, aiming for a short-term breakout above the $1.40 supply level. - Cooling market interest negatively impacts XRP price Institutional demand for spot XRP ETFs declined on Thursday, with SoSoValue reporting no inflows. This marks a temporary pause after three consecutive days of strong inflows: $3.87 million on Monday, $11.28 million on Tuesday, and $13.03 million on Wednesday. Despite the decreased demand, the average cumulative inflows reached $1.32 billion, up from $1.29 billion on Monday. Total assets under management stood at $1.08 billion, slightly higher than $1.07 billion during the same period. XRP ETF inflows | Source: SoSoValue Demand for XRP derivatives fell to $2.59 billion on Friday from $2.61 billion the previous day. Although there are slight signs of XRP price recovery toward $1.40, the declining demand from retail investors indicates sellers are increasingly opening short positions, expecting the price to drop below the daily support level of $1.38. Meanwhile, with liquidity concentrated around the $1.40 supply zone, increased volatility could pose a challenge to short-term bullish traders. Daily trading info for XRP futures | Source: CoinGlass $XRP

Recently, interesting changes have been observed in the cryptocurrency market. It is said that last week, global crypto funds flowed in a total of $1.1 billion, the strongest week in nearly three months. It is reported that mainly U.S. institutions are buying, accounting for about 95%, with just Bitcoin spot ETFs attracting over $830 million. Morgan Stanley's newly launched Bitcoin fund attracted over $60 million in its first week, and they plan to apply for Ethereum and Solana ETFs later. It seems that large institutions' interest in cryptocurrencies is indeed picking up. Some analysts say this is due to the easing of tensions in Iran and better-than-expected U.S. inflation data, both of which have prompted previously cautious institutional investors to re-enter the market. Interestingly, while there is buying of Bitcoin and Ethereum, funds that are shorting Bitcoin have also attracted $20 million. It feels like some are hedging their risks. XRP was very popular earlier, but this week it clearly cooled off, with only about $19 million coming in. Overall, the assets under management in crypto investment products have returned to levels seen in early February, indicating that market sentiment is indeed improving.