XRP Price: ETF Outflows Hit $7 Billion While Retail Demand Returns

TLDR

• XRP broke above $1.10 resistance on a late-session volume surge, rising 1.8% to $1.1065
• Perpetual futures Open Interest holds steady at 2.14 billion XRP, up from 2.09 billion Tuesday
• XRP remains below its 50, 100, and 200-day EMAs, keeping the near-term bias bearish
• Institutional caution persists, with XRP spot ETFs recording roughly $7 billion in outflows Wednesday
• Key levels to watch: $1.10 support below, $1.1065 and $1.13 resistance above

XRP climbed 1.8% on Thursday, breaking out of a tight trading range to clear the $1.10 level on strong volume. The token moved from a session low of $1.0827 to a high of $1.1065 before stabilizing between $1.1020 and $1.1040.

The main breakout came around 01:00 UTC when volume jumped to 43.51 million XRP — roughly 88% above the 24-hour average. A later 60-minute spike pushed another 14.17 million XRP through the market, driving price from $1.0958 to $1.1052 before profit-taking slowed the move.

Analyst Celal Kucuker weighed in on XRP’s potential on X, writing: “Two years ago, XRP rallied over 500% in just one month. Now people say $7 by year-end is impossible… yet there are still 6 months left.” Kucuker’s post reflects growing chatter among retail traders about XRP’s longer-term price history.

Retail Demand Holds Steady

Perpetual futures Open Interest sits at 2.14 billion XRP, up from 2.09 billion on Tuesday, according to CoinGlass data. That steady rise suggests retail participation is gradually returning to the market.

Institutional investors remain cautious, however. XRP spot ETFs saw outflows of approximately $7 billion on Wednesday, following muted flows earlier in the week.

Geopolitical tensions added pressure to the broader crypto market. The US military struck 90 targets along Iran’s coastline Wednesday. Iran’s Revolutionary Guard responded with attacks on US bases in Kuwait and Bahrain. Qatar’s Prime Minister urged both sides to pursue dialogue.

Key Levels Traders Are Watching

XRP still trades below its 50-day EMA at $1.17, the 100-day EMA at $1.28, and the 200-day EMA at $1.49. These moving averages form a dense resistance stack overhead.

Analysts are split on next moves. Some cite Elliott Wave targets between $1.19 and $1.23. Others say a failure to hold $1.09 could open lower support zones.

The RSI sits near 45, below the midline. The MACD histogram shows a mild positive lean, suggesting a tentative short-term recovery attempt.

XRP held higher lows through Thursday’s session, with buyers stepping in near $1.0880 on pullbacks. The post-breakout hold above $1.10 is seen as constructive.

The next resistance levels are $1.1065, then $1.11, and $1.13 if buying pressure continues.

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