XRP Faces Resistance at $1.86 Amidst ETF Growth as Bitcoin Struggles
XRP Faces Resistance Despite ETF Growth
XRP has dropped to $1.86 as traders continue selling during rallies, even though demand for spot ETFs remains steady and total assets held in ETFs have risen to $1.25 billion. This indicates the market is still absorbing supply at critical technical levels.
Institutional Interest and ETF Trends
Institutional interest in XRP continues to grow, with investors adding $8.19 million to ETFs recently, pushing the total net assets to $1.25 billion. This trend suggests professional investors prefer regulated vehicles over chasing spot momentum, aligning with a broader pattern in institutional crypto allocation.
Technical Analysis
XRP has decreased from $1.88 to $1.86, remaining within a $1.85–$1.91 range. Sellers have consistently defended the $1.9060–$1.9100 resistance area, with a notable increase in trading volume during active sessions. The market has repeatedly tested $1.90+ as a resistance zone, while bids near $1.86–$1.87 have prevented a significant decline.
Price Action Summary
- XRP fell from $1.8783 to $1.8604, within a $1.85–$1.91 range.
- Strong selling was observed near $1.9061 resistance on above-average volume.
- Bulls have maintained the $1.86 level during multiple retests.
- A brief spike above the consolidation range lacked sustainability.
Market Implications
The market faces two competing forces: supportive ETF flows and traders viewing $1.90–$1.91 as a sell zone. Key levels to watch include a hold above $1.87, which could lead to a test of the $1.90–$1.91 resistance, while a failure at $1.86 might lead to a decline to the $1.77–$1.80 demand pocket. Current market conditions suggest consolidation with potential for downside stabilization due to ETF activity.