What you need to know:
- XRP spot volumes on Bitrue soared 212% as institutional interest grows.
- The short-term XRP price remains between $0.87 and $1.67.
- Technical indicators point to cautious bearish momentum with potential support around $0.85-$0.92.
XRP has seen a significant increase in trading activity Confessional reporting a 212% increase in spot purchasing volumes, more than double sales activity. The increase is consistent with continued accumulation by institutional investors following the launch of XRP ETFs.
According to Bitrue, XRP has generated net $1.1 billion in inflows, with weekly inflows consistently positive and outflows only seen on five days.
Support from retail and institutional investors is growing, which could result in a tighter supply of XRP. This configuration could see XRP outperform key competitors in Q2 2026.
Bitrue has put XRP at the forefront of its business since 2018, developing flexible earning products with XRP and turning it into a core trading pair.
Going forward, Bitrue plans to leverage this momentum to further establish itself as a liquidity hub for assets on the XRPL, including RLUSD, which is now a base trading pair.
Also read: XRP falls 10% as on-chain indicators warn of an extended downtrend
XRP price remains within a defined range
Despite increasing market interest, XRP’s short-term price action is still ongoing. According to analyst CasiTradesSince XRP has not broken any significant resistance levels yet, the overall market plan remains the same.
The significant support levels are $1.11 and $0.87, and the first resistance level is $1.67. Until price action moves significantly past either of these levels, the market will remain within existing levels.
A 1-hour chart of XRP/USD from Coinbase shows a correction after a strong rebound from around $1.10-$1.12, near the 0.786 Fibonacci level at $1.0885. The five-wave advance reached a high of $1.65-$1.78, consistent with previous resistance levels.
Source: X
Technical indicators suggest caution
After the peak of the wave (4), XRP started moving downwards and was able to form a larger wave (5) downwards. The short-term rallies are only corrective and the price is struggling to break above the $1.50 level, which has become a resistance level.
If the price breaks below the current rising trendline, the next targets will be around $1.10 and the larger support zone at $0.85-$0.92.
Momentum indicators call for caution. The RSI indicates a bearish divergence. The price is making higher highs, but the RSI is failing to follow suit, indicating a possible bearish influence.
A break below the RSI support line could accelerate selling momentum towards the lower liquidity area. A break above $1.65 is needed to negate the bearish outlook and revive hopes for a $1.78 price.
Also read: XRP tests key support as an 11% triangle pattern signals upcoming volatility
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