Ripple’s XRP traded close to the key $1.00 support level on Friday, slipping nearly 1% over the previous 24 hours. The cryptocurrency’s price hovered around $1.004, drawing heightened attention from market participants as it approached this psychologically significant threshold.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLInstitutional inflows and whale accumulation
Despite the ongoing correction, institutional demand for XRP remained notable through US-listed spot XRP Exchange-Traded Funds. According to data compiled by CoinGlass, these funds registered $2.25 million in net inflows as of Thursday, with a potential for five consecutive weeks of net investments if positive momentum held through Friday’s trading session.
These durable inflows indicated that institutional investors continued to gain exposure to XRP even during periods of price weakness. The steady ETF demand suggested the possibility of absorbing available supply and helping to cushion the token against further downside, though experts noted that the relatively modest size of the recent flows would require persistent buying interest for a stronger impact on price action.
On-chain analytics from CryptoQuant revealed that large XRP holders, often termed “whales,” actively accumulated positions. Throughout the year, large spot order sizes were dominant as XRP traded in the $1.00 to $1.20 range. The presence of such buyers near current support levels indicated that key market players may regard this area as attractive for longer-term accumulation.
However, the 90-day taker Cumulative Volume Delta, which tracks aggressive buying versus selling pressure, recently returned to neutral. This pattern implied that accumulation was unfolding at a gradual pace without triggering a rapid upward move in price.
XRP’s risk-to-reward profile has improved, signaling the possibility that the ongoing decline is maturing. Still, the lack of strong taker demand leaves the market without confirmation of a lasting bottom.
The combination of persistent ETF inflows and whale participation provided the foundation for cautious optimism among bulls. Yet, market analysts emphasized that the absence of a clear surge in taker demand suggested traders remained hesitant to commit fully to a sustained rebound.
XRP’s technical landscape and potential recovery
Technically, XRP continued to display bearish signals. The token traded below several major moving averages: the 50-day EMA at $1.087, the 100-day EMA at $1.169, and the 200-day EMA at $1.362. The positioning of price beneath these key averages indicated that sellers retained control over both medium- and long-term trends.
Momentum indicators reinforced the cautious outlook. The Relative Strength Index (RSI) registered 36—still beneath the neutral 50 level, but not yet in oversold territory. Meanwhile, the MACD remained negative, further reflecting sustained bearish momentum.
Immediate support stood at $1.00, with traders closely watching whether buyers could defend this level and prevent a further drop. Upholding support here was deemed crucial for any potential near-term recovery.
If bullish momentum builds, the 50-day EMA at $1.087 serves as the first significant resistance. Closing above this point could enable a move toward the 100-day EMA at $1.169 and resistance at $1.300, with more distant targets seen at the 200-day EMA and the $1.900 barrier.
Amid this technical environment, the broader financial sector is experiencing a shift, as investors increasingly turn to decentralized platforms. While traditional brokers play a central role in legacy markets, Wall Street’s move toward Web3 is accelerating. Now, platforms such as 1stepSwap enable investors to hold shares of leading US companies, commodities like gold and silver, and other real-world assets directly in crypto wallets. By tokenizing these assets and securing optimal prices within seconds, such solutions effectively eliminate the need for intermediaries.
For now, cautious optimism surrounds XRP, with ETF inflows and whale accumulation providing support. Market participants are watching for a decisive move above key short-term moving averages to confirm any substantial recovery from current levels.
