XRP Trades in Tight Range as Analysts Watch Key Levels

• XRP trades near $1.36 after repeated failures to hold above the $1.45 resistance.
• Institutional inflows into XRP products continue despite weak price momentum.
• Market watchers believe stronger market conditions could push XRP toward $3.

XRP is trading at $1.36 at press time after repeated failures to hold above the $1.43 to $1.45 resistance range. The digital asset declined by 2.60% in the past day, extending its monthly loss to 3.95%.

Trading activity has also slowed down during the drop. Volume declined about 10% as sellers pushed the price lower.

XRP Technical Indicators Point to Continued Weakness

Several momentum indicators show ongoing bearish conditions in the market. XRP is currently trading below key moving averages. The 20-day moving average is around $1.40, while the 50-day and 200-day averages sit near $1.55 and $2.01. Trading below these levels typically indicates that sellers remain in control in the short term.

Despite this weakness, the overall chart shows XRP trading in a tightening range. The price appears to be squeezed between falling resistance and rising support, a pattern that often precedes a larger price move once consolidation ends.

Key price levels remain close together. Immediate support is around $1.40, with stronger support between $1.37 and $1.33. On the upside, resistance sits near $1.46 to $1.47.

If XRP breaks above this resistance, it could move toward $1.59, with a potential extension to $1.70 if buying momentum increases.

Institutional Activity Continues Despite Weak Price Action

Institutional flows into XRP products have continued in recent months. Spot XRP exchange-traded funds have recorded roughly $1.24 billion in inflows over the past four months.

Bitwise recently reported a massive $10 million inflow into its XRP ETF. These inflows suggest that some institutional investors continue to accumulate the asset during price declines.

Adoption of the XRP Ledger is also expanding in certain financial sectors. Independent fintech firms in Japan have begun using the network for trade finance and cross-border payment systems.

In another development, digital asset firm Doppler partnered with Hex Trust to build custody and yield services for wrapped XRP. The initiative aims to provide institutional investors with additional liquidity options across multiple blockchains.

Analysts Expect Range-Bound Trading

In the short term, analysts expect XRP to trade between $1.33 and $1.46. Some forecasts say the chance of a strong upward move is below 20% unless the token breaks above resistance near $1.47.

Longer-term predictions are mixed. PrimeXBT senior market analyst Jonatan Randin said that if the broader crypto market weakens, XRP could fall back to its 2024 range near $0.65.

Others are more optimistic. Analyst Viktoras Karapetjanc believes stronger market conditions could push XRP toward $3, which would be more than double its current price.

Particularly, analyst EGRAG noted a weekly close above $1.55 could weaken the current downtrend. A move above $2.20 would likely invalidate the bearish structure and could open the path toward $2.70 and $3.60.

Overall, XRP’s future price direction may depend on broader crypto market trends, regulatory developments, and continued institutional interest in digital assets.

Related: XRP Price Prediction: XRP Traders Eye $1.33 Floor Ahead of Potential Rally