- XRP price remains above key support despite months of sideways trading
- Analysts expect a pullback fill before a possible breakout toward $1.60
- ETF inflows continue rising even as XRP Ledger activity stays weak
The XRP price continued trading inside a narrow range this week as analysts monitored a potential pullback before the next major move higher. XRP traded near $1.42 at press time, holding above the critical $1.278 support zone. Market analyst Crypto Tony believes a temporary dip could provide a safer long entry opportunity before buyers attempt another push toward the $1.60 resistance area.
XRP Price Holds Support While Traders Await Fair Value Fill
Crypto Tony pointed to a Fair Value Point setup on the one-hour chart, suggesting the XRP price may still need to fill short-term inefficiencies before confirming a stronger rebound. The structure showed price hovering near a potential order block after recent weakness.
According to the analyst, patience remains important while the market completes this corrective phase. The strategy focuses on allowing the dip to fully develop before entering a long position with lower risk exposure.
The broader chart continues showing consolidation between support near $1.28 and resistance around $1.60. Higher trading volume during sideways movement also reflects characteristics of the Wyckoff accumulation phase.
Technical indicators remain mixed but slightly constructive. The token recently climbed above the 50-day Exponential Moving Average, which often signals improving momentum during prolonged consolidation periods.
XRP Price Stays Range Bound Despite Strong ETF Inflows
The muted XRP price action comes even as spot ETF inflows continue increasing. XRP-related investment products reportedly added more than $34 million this month after recording over $81 million in inflows during the previous month.
Total inflows have now surpassed $1.32 billion since launch, signaling continued institutional accumulation. However, XRP Ledger network activity has not matched investor optimism.
Data shows the network’s total value locked remains near $49 million, while chain revenue and transaction fees have weakened in recent months. The RLUSD stablecoin has also struggled to surpass the $1.5 billion market cap.
Despite slower ecosystem growth, traders still see bullish technical potential. The XRP price recently formed a double-bottom structure near $1.278 with a neckline around $1.606.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
