Key Insights:
- XRP’s weekly RSI at 33 matches previous levels that preceded sharp upward price movements.
- $18.99M flowed into XRP ETFs in a day, lifting total assets to $1.14 billion.
- Traders eye $1.9750 resistance; rejection could invite more downside without strong breakout confirmation.
XRP’s weekly Relative Strength Index (RSI) has fallen to 33. This level has often matched periods of price lows in the past. The RSI is used to assess whether a market is overbought or oversold. Values close to 30 suggest that the asset may be oversold.
Previous RSI readings around this range have been followed by upward price moves. Data points from early 2017, March 2020, and mid-2022 show that when XRP’s RSI touched similar levels, the price eventually recovered. At present, XRP is in that same range again. Some traders see this as a possible setup for a rebound, although many also note that “conditions today are not identical to those in past cycles.”
ETF Inflows Indicate Ongoing Institutional Activity
On December 17, XRP Spot ETFs recorded $18.99 million in daily net inflow. This brings total net assets to $1.14 billion, according to data from SoSoValue. The current XRP price is $1.83, slightly lower than the $1.88 shown on the chart during the inflow period.
Since mid-November, ETF inflows have remained steady. Some earlier days saw larger volumes, with spikes crossing $200 million. This steady pace of inflows reflects continued interest in XRP from funds and institutional players. While this trend supports asset growth, one market participant noted that “capital inflow alone is not always enough to drive prices higher in the short term.”
Price Structure Faces Key Levels
Daily chart analysis shows XRP and XRPBTC both closed lower. XRPBTC is near a support zone that has been held in past cycles. Any recovery in XRP’s price may depend on a drop in Bitcoin dominance or a shift in Bitcoin’s own direction. The next major support level is placed at $1.5160.
A rise above $2.0000 would signal strength, with room to reach $2.7500 if momentum builds.At press time, the price remains below the $1.9750 resistance level. If tested again and rejected, sellers may take control.
Short-Term Action Shows Limited Upside
Volatility increased during the latest trading session. Traders are watching the $1.9750 level closely. A rejection at this level could invite more downside. Until price forms a clear trend, many are choosing to wait for a cleaner entry point.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
