XRP Holds $1 Support as ETF Inflows Surge and On‑Chain Activity Rises

XRP has been trading near $1.05, defending the psychological $1 support level after a month‑long decline. Spot ETF products for XRP have recorded eight consecutive weeks of net inflows, totalling about $144 million, with weekly entries of $15‑$23 million, while Bitcoin and Ethereum ETFs posted large outflows. Daily active addresses on the XRP Ledger jumped from roughly 23 000 to 39 500 in two weeks, a 72 % increase, indicating rising network usage.

Technical analysis shows mixed signals. Analysts note bullish reversal patterns such as a Tom DeMark “9” buy setup and a Morning‑Star Doji, suggesting a possible short‑term rebound toward the $1.10 resistance and a longer‑term target near $1.30. On‑chain distribution data highlights $1.06 as a critical near‑term support zone, with larger clusters of past trades at $0.80, $0.62 and $0.51. Risk‑adjusted metrics are weak – the 30‑day Sharpe Ratio sits at –0.29 – and recent leveraged long liquidations approached $3 million, while open interest fell from $1.18 billion to $1.04 billion.

Overall, XRP’s price remains constrained below key resistance, but continued ETF inflows, rising on‑chain activity and bullish chart patterns keep the prospect of a modest upside recovery alive.