XRP Price Slips to $1.86 Amid Steady ETF Demand and Bitcoin's Rebound Fading
XRP price slipped to $1.86 as traders sold into rallies, despite stable demand for ETFs and an increase in total ETF-held assets to $1.25 billion. Institutional investors have been increasingly using ETFs to gain exposure to XRP, with recent ETF inflows totaling $8.19 million.
Trading activity showed heavy intraday volume, with about 75.3 million XRP traded during the session's most active window, roughly 76% above average. The price briefly tested $1.862 but failed to sustain, as sellers defended the $1.90+ zone while bids near $1.86–$1.87 provided support, forming a tightening coil.
XRP has been trading in a tight range between $1.85 and $1.91, with resistance around $1.90–$1.91 and support near $1.86. The next move is expected to be decisive. If XRP holds above $1.87 and reclaims the $1.875–$1.88 range, the next test targets the $1.90–$1.91 resistance, potentially moving towards $1.95–$2.00 on a breakout. Conversely, if the $1.86 level breaks, the next demand area is around $1.77–$1.80, where buyers have historically provided support and where fear sentiment could rise.
Bitcoin's rebound lacked follow-through in U.S. trading hours, with major cryptocurrencies displaying a risk-off, range-bound phase. ETF flows continue to act as a stabilizer for XRP, likely making downside moves more gradual rather than sharp unless Bitcoin experiences a significant breakdown.
