At press time, XRP traded at $1.05 with a 24-hour volume of $1.6 billion and a market cap of $65.72 billion. The 1.25% gain over the past day revived expectations among technical analysts for a potential price recovery. Crypto analyst EGRAG CRYPTO noted XRP entered July below its 50-month simple moving average, a pattern seen in previous cycles that often preceded major trend shifts.
XRP Nears 50-Month MA, Historical Patterns Hint at Turnaround
EGRAG CRYPTO, known for technical chart commentary and a broad social media following, pointed out that the current position echoes the bottom formations of the last two cycles. In each prior cycle, XRP formed a low near the 88-month simple moving average before staging sharp upward moves. Traders now watch whether the price will retest the 88-month average or quickly reclaim the 50-month level. Discussions consistently highlight $1.65 as the key macro barrier. A sustained break above that could fuel targets near $7.50 and higher. For now, XRP remains in a zone of macro compression, and a clear breakout is needed to establish direction.
Bitwise XRP ETF Posts $11.94M Daily Inflow
On the institutional front, capital keeps flowing into XRP-based exchange-traded funds. Despite selling pressure across the broader crypto market, new funds continue entering these products, suggesting major players hold their XRP positions undeterred by short-term volatility. The Bitwise XRP ETF attracted an impressive $11.94 million in fresh daily inflow, ranking as the top performer in this category. Since its November launch, the fund’s total net inflow has surpassed $505 million—a clear indicator of robust and growing institutional demand.
$1.65 Resistance Remains Pivotal, Breakout Could Target $7.50
Combining the technical outlook with consistent ETF growth, many market participants see the case for a bullish trend strengthening. Recent mild gains in Bitcoin boosted risk appetite across altcoins, including XRP-focused investors. Analysts emphasize that these bullish targets remain market expectations, not guarantees. The $1.65 resistance zone is set to remain pivotal in determining the cryptocurrency's near-term direction. A sustained trade above that level could attract further inflows, while failure to break may lead to continued consolidation.