XRP is showing promising signs of recovery as it forms higher lows, indicating a surge in buying interest from both retail and institutional investors. Recent trading activity suggests an uptick in demand, particularly with XRP ETFs experiencing consistent inflows, highlighting a trend of institutional accumulation.
The cryptocurrency has recently found support in the $1.33–$1.35 range, which has proven resilient over the past week. This pattern signals that selling pressure is diminishing and buyers are becoming more assertive in the market. Trading volumes have also witnessed a notable increase, characterized by a spike in spot purchases across major exchanges. Retail investors are showing renewed enthusiasm, with buy orders surpassing sell orders during several short-term trading periods.
On the institutional side, the continued inflow into XRP-linked ETFs underscores growing confidence among larger players in the market. The confluence of retail buying and institutional accumulation is fostering a conducive environment for a potential price upswing.
Technically, XRP has established a short-term support level at $1.13, which has remained intact despite recent volatility. If this support holds, it may serve as a launchpad for higher prices. On the resistance front, the $1.5121 level has emerged as a critical threshold. A breakthrough at this point could set the stage for further advancements towards $1.66, with additional resistance looming at $1.83.
Historically, surpassing the $1.51 mark has often led to more significant price movements, indicating the importance of this level for traders. In the event of a downturn, another support threshold exists around $0.8475, which could act as a safety net should XRP face increased selling pressure.
Currently, XRP is maintaining its position above crucial support levels, suggesting a market stabilization. The recent trend in volume reinforces this positive outlook, as heightened buying activity corresponds with elevated trading volumes, indicating robust market participation.
The formation of higher lows is a classic indicator of strengthening market sentiment and often precedes extended upward movements. Analysts point to immediate support at $1.13, while key resistance levels sit at $1.46, $1.66, and $1.83. A decisive move above $1.46 could catalyze further gains, while maintaining support at $1.13 may confirm market stabilization. Conversely, a decline below this support could prompt XRP to revisit lower support levels, potentially jeopardizing short-term momentum.
