XRP ticks up as ETF outflows test recovery

XRP ticks up, trading above $1.36 on Thursday, in line with the broader cryptocurrency market gains.
US-listed XRP spot ETFs posted $7 million outflows on Wednesday after 11 consecutive days of inflows.
XRP retail demand steadies with perpetual futures Open Interest at 2.25 billion XRP.

John Isige FXStreet

Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious stance amid renewed tensions between the United States (US) and Iran.

The two nations re-escalated tensions last weekend, with strikes continuing early this week. Risk aversion is already evident, considering outflows from spot Exchange-Traded Funds (ETFs) on Wednesday.

XRP ETFs turn bearish amid growing investor caution

US-listed XRP spot ETFs saw outflows of $7 million on Wednesday, breaking an extended 11-day bullish streak. Despite the single-day outflow, cumulative inflows hold steady at $1.68 billion, up from $1.51 billion in early August, according to SoSoValue.

Similarly, total assets under management averaged $1.42 billion, up from $1 billion over the same period. If inflows return, they could cushion XRP from broader crypto headwinds, raising the chances of a sustained recovery above $1.40 and $1.50 levels, respectively.

Meanwhile, retail demand remains steady, with perpetual futures Open Interest (OI) at 2.25 billion XRP on Thursday, down only marginally from 2.26 billion XRP the day before. CoinGlass data shows the decline against the backdrop of the OI spiking to 2.78 billion XRP on August 15. Retail interest in XRP is needed to support the short to medium-term recovery outlook.

Technical analysis: XRP shows subtle recovery signs

XRP trades above $1.36 while holding above a rising cluster of Exponential Moving Averages, with the 200-day EMA at $1.35 underpinning the latest breakout and the 50-day and 100-day EMAs at $1.22 and $1.22 reinforcing a constructive medium-term structure. Although the Moving Average Convergence Divergence (MACD) indicator slipped below its signal line and turned negative, the Relative Strength Index (RSI) near 60 suggests ongoing bullish bias rather than exhaustion.

Immediate support lies at the 200-day EMA at $1.35, followed by a deeper demand zone around the 50-day EMA at $1.22 and the 100-day EMA at $1.22. With no clear overhead technical levels on the daily chart, price action around $1.36 acts as a near-term pivot. A sustained hold above this area would keep the bullish tone intact, while a daily close back below $1.35 would hint at a broader correction toward the EMA cluster in the low $1.22s.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Ripple FAQs

What is Ripple?

Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide. The company also leverages the XRP token.

What is XRP?

XRP is the native token of the decentralized blockchain XRPLedger. The token is used by Ripple Labs to facilitate transactions on the XRPLedger, helping financial institutions transfer value in a borderless manner. XRP therefore facilitates trustless and instant payments on the XRPLedger chain, helping financial firms save on the cost of transacting worldwide.

What is XRPL?

XRPLedger is based on a distributed ledger technology and the blockchain using XRP to power transactions. The ledger is different from other blockchains as it has a built-in inflammatory protocol that helps fight spam and distributed denial-of-service (DDOS) attacks. The XRPL is maintained by a peer-to-peer network known as the global XRP Ledger community.

What blockchain technology does XRP use?

XRP uses the interledger standard. This is a blockchain protocol that aids payments across different networks. For instance, XRP’s blockchain can connect the ledgers of two or more banks. This effectively removes intermediaries and the need for centralization in the system. XRP acts as the native token of the XRPLedger blockchain engineered by Jed McCaleb, Arthur Britto and David Schwartz.

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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