XRP faces $1.60 resistance amid rising ETF inflows

XRP is experiencing significant market activity characterized by technical volatility and increasing institutional interest. The token has recently traded around the $1.50 to $1.55 range, facing immediate resistance near $1.60. Analysts are monitoring an inverse head-and-shoulders pattern that could potentially signal a move toward $2.00 if the $1.57 to $1.60 resistance level is decisively broken.

Institutional demand is being bolstered by inflows into U.S. spot XRP exchange-traded funds (ETFs). Recent data shows cumulative net inflows reaching approximately $1.75 billion, with Bitwise and Franklin Templeton leading recent activity. Despite this, some indicators show increased selling pressure, including a drop in the Taker Buy/Sell ratio on several exchanges.

On-chain data reveals a complex picture: while the number of XRP holder addresses has grown to over 8.15 million, the 365-day MVRV ratio remains negative at approximately -11.75%, indicating that the average long-term investor is still in a loss position. This lack of immediate profit for holders may mitigate selling pressure, though large-scale accumulation by whales has also been noted.