XRP is consolidating near $1.38 after its late-August breakout to $1.70, holding above key support while it tests resistance near $1.5. Spot XRP ETFs have logged eleven straight days of net inflows, and a Bitwise analyst says the token drew more investor questions than any other asset at a recent event for around 400 wealth managers.
XRP is trading near $1.38, up more than 4% after slipping to $1.32 a day earlier. The move keeps the token inside a corrective range that has held since its late-August surge.
XRP holds above its long-term moving averages
On the daily chart, XRP broke decisively higher in late August, surging from around $1.00 to a spike near $1.70, pushing above its declining long-term trendline and major moving averages. The pullback since then has brought the token toward the $1.30 area, a demand zone at a bullish imbalance region, while price still sits above the 100-day and 200-day moving averages. The daily RSI has fallen below 75, easing overbought conditions without XRP losing its underlying momentum.
Above the market, the $1.5 region has already rejected XRP several times over the past year and remains the main resistance zone. A daily close above it would strengthen the bullish case and could open the path toward the $2 psychological level. On the four-hour chart, XRP is testing the upper boundary of a descending structure, with the $1.25 bullish order block marking the immediate support zone; a break below it would raise the odds of a deeper slide toward $1.1.
ETF inflows accompany institutional interest
XRP's consolidation is unfolding as U.S. spot XRP ETFs logged their 11th straight day of net inflows. Separately, Bitwise research analyst Ryan Rasmussen said XRP drew more audience questions than any other digital asset at a recent event attended by around 400 wealth managers. At that event, 67% of attendees said they currently hold zero crypto exposure, while 60% said they believe prices will climb higher by the close of 2026 and plan to build positions within the next year.
That gap between current exposure and stated intent, combined with the ongoing ETF inflow trend, points toward XRP shifting from retail-driven trading toward more regulated, portfolio-based ownership.
For now, XRP's immediate support sits at $1.25 on the four-hour chart, with a break above the descending resistance trendline and through $1.5 needed to confirm the corrective phase is ending. Holding that support level could keep the descending structure on track to resolve to the upside.
Sources: CryptoPotato, 99Bitcoins
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