XRP stayed stuck in a tight range on July 23, with Thursday trading around $1.4282. That still leaves the token 28% above its year-to-date low of $1.1137. Price action has been quiet for weeks, yet fund-flow and exchange-supply data are moving in a different direction.
Spot XRP ETFs extend inflow streak
Data from SoSoValue showed spot XRP ETFs brought in $4.2 million on Wednesday. That marked the seventh consecutive day of inflows, pushing cumulative inflows to $1.26 billion. The buying is notable because it continued while XRP remained trapped inside a narrow trading band.
The source frames this as an accumulation signal. Institutional money kept coming in even without a breakout, and that kind of positioning often draws attention because steady subscription activity during consolidation can point to investors building exposure rather than exiting.
More than 7 billion XRP left exchanges in February
The second data point comes from exchange flows. Figures compiled by CryptoQuant show that more than 7 billion XRP moved out of exchanges in February. At the same time, the total XRP supply held on exchanges fell to the lowest level in years.
That does not guarantee an immediate rally. Still, when ETF demand keeps rising and exchange reserves are falling, both channels suggest the same thing: tokens are being pulled away from readily tradable venues instead of being sent back for sale.
RLUSD growth remains part of the fundamental story
The article also links XRP accumulation to Ripple USD. According to the source, the stablecoin has amassed more than $1.5 billion in assets, while daily volume has climbed to above $1.5 billion. It says demand from both retail and institutional investors has been growing.
Another factor mentioned is RLUSD’s integration with Ripple Prime. The source does not add more operating detail, but it presents that integration as one reason the current demand trend could continue.
Double-bottom pattern puts focus on the neckline
On the technical side, the eight-hour chart shows XRP forming a double bottom at $1.3350, with a neckline at $1.6745. The report then lists the next key upside target at $1.6638. In chart terms, that structure is usually read as a bullish reversal pattern, suggesting sellers have become less comfortable pressing below the recent floor.
XRP has also moved slightly above its 50-day EMA. The Percentage Price Oscillator crossed above the zero line, and the Relative Strength Index rose back above 50. Based on those signals, the source keeps a bullish bias toward the neckline zone. That view would be invalidated if XRP falls below the $1.3350 support level.