After last week’s sharp drop, XRP has managed to hold steady near the $1.10 mark. However, the recovery appears fragile. While there has been steady institutional capital flowing into XRP-focused products and a noticeable surge in derivatives trading volumes, the price remains close to multi-month lows. In contrast, Bitcoin and the broader crypto market have shown stronger rebounds, leaving XRP relatively subdued.
Institutional inflows fail to boost XRP price
Investment products tied to XRP have seen an additional $6.75 million in inflows recently, pushing cumulative ETF inflows to approximately $1.44 billion. Although this reflects that institutional interest has not evaporated, the price has yet to respond with matching strength.
In the last 24 hours, XRP gained around 1 percent, climbing to $1.1141. The day’s most significant movement came as high-volume trades managed to break through resistance at $1.1114 late in the session, briefly sending the price above $1.12. Still, earlier rallies near $1.1352 were rejected, cementing that region as a key short-term resistance.
Despite continued fund inflows into XRP-focused products, the price hovering near multi-month lows suggests the market remains cautious toward the token.
Derivatives trading activity spikes
On the derivatives front, trading volumes totaled about $5 billion during the session. Nevertheless, open interest hovered near recent cycle lows. This suggests that instead of building strong long-term positions, investors may be adjusting existing trades and prioritizing risk reduction.
As a result, market signals are mixed. While the increase in volume signals renewed trader interest, the low level of open interest indicates persistent reluctance for aggressive risk-taking. Thus, short-term volatility is rising, but a clear directional trend has yet to emerge.
Technical landscape highlights crucial levels
Technically, XRP continues trading below its 50-day, 100-day, and 200-day moving averages. This demonstrates that despite attempts to stabilize, sellers still have the upper hand. The late-session move above $1.11 is seen as positive, but observers note it occurred within a broader downtrend.
The initial support region is $1.10, a level considered important for maintaining the current search for stability. Should the value drop below the $1.05-$1.10 range, discussions could shift toward another test of $1.00.
On the upside, the $1.12-$1.13 band is the first resistance to watch, with $1.1352 also in focus as the spot where recent rallies have stalled. A more significant technical improvement would require a break above $1.26, which could redirect attention to the $1.30-$1.40 zone.
Network upgrade on the horizon
A new 3.2.0 version upgrade for XRP Ledger is scheduled for June 15. The update is expected to reduce server memory requirements by about 40 percent and will rename the core software from “rippled” to “xrpld.”
Glossary: Open interest represents the total number of contracts in the futures market that have not yet been closed. If trading volume rises while open interest remains low, this usually signals short-term repositioning or risk reduction rather than the buildup of new long-term positions.
Overall, XRP continues to underperform the wider cryptocurrency market despite signs of a tentative recovery. Whether the price can stay above $1.10 and break through the $1.12 to $1.1352 band remains a closely watched question for the short term.
