XRP (XRP-USD) is currently trading at $1.92, facing stiff rejection as it attempts to reclaim the psychologically critical $2.00 level. Despite a massive streak of institutional interest in U.S. spot ETFs, the token’s price action remains “under pressure,” with repeated failed breakouts over the last six weeks. With nearly half of all current holders “underwater,” market confidence is wavering, keeping the short-term bias defensive as the coin enters a period of tight consolidation.
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Institutional Inflows into XRP ETFs Defy Shifting Retail Sentiment
In a striking divergence from the spot price, institutional demand for XRP has never been stronger. U.S.-listed spot XRP ETFs have maintained a 30-day streak of net positive inflows, amassing over $1.07 billion in total assets since their mid-November debut.
While retail traders appear to be taking profits or exiting positions, large-scale funds are quietly absorbing supply through regulated channels. This “accumulation-style” range suggests that while the chart looks unattractive to short-term speculators, long-term players are betting on a structural shift in the asset’s utility.
Underwater Holders and Whale Caution Limit Upside
On-chain data from Glassnode reveals growing stress within the XRP ecosystem, as only 52% of the circulating supply is currently in profit. This lack of profitability often triggers “panic selling” if local support levels fail to hold, particularly the $1.85 mark.
Furthermore, whale activity indicates a “wait-and-see” approach rather than aggressive buying. With the top 1% of wallets holding nearly 87.6% of the supply, any slight reduction in exposure from these entities creates heavy overhead resistance, making a rapid V-shaped recovery difficult without a major fundamental catalyst.
XRP’s Technical Indicators Point to a Tight Decisive Range
Technically, XRP is trapped in a descending trendline that has suppressed price action for over a month. The Relative Strength Index (RSI) sits at a neutral 42, suggesting that while the selling pressure is exhausting, there isn’t enough buyer momentum to force a breakout.
Analysts are watching a potential “double-bottom” formation near $1.90, which could target the $2.30–$2.50 range if broader market conditions improve. However, if XRP fails to defend its $1.80 support, the “technical fragility” of the current setup could expose the token to deeper corrective phases.
At the time of writing, XRP is sitting at $1.9345.
