benzinga.com
$XRP has remained on edge for nearly two months as the crypto winter continues. The token was most recently trading at $1.1022, still confined within the $1.0077 support level and $1.2898 resistance level that have defined its range throughout this period.
$XRP ETF Inflows Have Stalled
The Ripple token has wavered as demand from Wall Street investors has waned. SoSoValue data shows that spot $XRP ETFs added no assets in the last three market days.
These funds attracted $12.3 million in inflows this month, the weakest performance since April. They had added $59 million in June and $131 million in May. In total, the funds have received cumulative inflows of $1.4 billion and currently hold $997 million in assets.
One reason for the waning crypto ETF inflows is that investors have shifted to the stock market. Some of the most active funds this year are those tracking the S&P 500 Index and the recently launched Roundhill Memory ETF .
On the positive side, Ripple Labs is working on improving $XRP Ledger’s utility. In a statement this week, t54, a company behind XRPL x402 Facilitator, AI agent payments on XRPL now support Mastercard’s Verifiable Intent (VI) standard. Through this integration, developers can prove who authorized a payment, under what limits, and for which purchases.
$XRP Price is Stuck in a Tight Range
The daily chart shows that the $XRP token has remained in a tight range in the past two months. It has remained above the key support level of $1.007 and resistance at $1.2898.
The token has dropped below the 50-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has dropped below the neutral level of 50.
Therefore, the token may continue falling, potentially to the key support level of $1. A drop below that level will point to more downside, potentially to the psychological point at $0.50.
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