XRP traded at roughly $1.3776 on July 24, up 1.10% on the day, yet the price remained capped below its major moving averages. The U.S. Securities and Exchange Commission has formally classified XRP as an eligible trust asset, allowing broader institutional access through structured financial products. This regulatory step has directly boosted capital flows into XRP-linked exchange-traded funds.
ETF Demand Jumps 63%: Institutions Accumulate at $1.35–$1.40
Spot XRP ETF daily net inflows surged 63% to $3.59 million. Data shows institutional buyers concentrated their activity within the $1.35 to $1.40 range, signaling steady accumulation despite limited upside. On the utility side, XRP's integration with Rakuten Pay adds a real-world use case, strengthening its transactional appeal alongside investment demand.
Moving Averages Cap Price; Mixed Momentum Keeps Range Intact
Technically, XRP trades below its SMA-20, SMA-50, and SMA-200, reflecting persistent selling pressure across timeframes. The Ichimoku Kijun near $1.3944 acts as immediate resistance, while support sits around $1.3100. Despite rising ETF inflows, buyers have yet to regain control.
Momentum indicators paint a conflicting picture. The Relative Strength Index (RSI) reads 44, the Commodity Channel Index (CCI) stands at -75 — both bearish. However, the Stochastic RSI has entered oversold territory, suggesting short-term seller exhaustion. The Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) remain neutral, indicating weak trend conviction. The Bull-Bear Power gauge stays negative, confirming seller dominance. These mixed signals produce choppy, directionless price action.
Outlook: Tight Range Between $1.31 and $1.42 Over Five Days
Analysts expect XRP to trade within a narrow band from $1.3100 to $1.4200 over the next five sessions. A sustained move above the Ichimoku resistance would be needed to shift sentiment; a break below support could accelerate downside. With subdued demand and soft momentum, the probability of a strong breakout remains low.