Key takeaways
- XRP continues to consolidate around the $1.10 mark.
- Bulls are defending the $1.05 support level.
Ripple’s XRP is trading near $1.10 on Thursday as the market attempts to halt a downtrend that began in mid-May. The token has shown some short-term resilience, yet overall momentum still points toward a cautious outlook.
Institutional interest in XRP-linked products has strengthened, while retail traders remain cautious amid heightened geopolitical tensions that are affecting risk sentiment across global markets.
Geopolitical uncertainty continues to weigh on markets
Risk appetite is fragile as tensions between the United States and Iran have intensified. Recent exchanges and military actions have increased uncertainty, prompting investors to reduce exposure to higher-risk assets.
Reports describe renewed military exchanges and additional US strikes described as defensive actions. In response, Iran’s Islamic Revolutionary Guard Corps (IRGC) launched attacks on facilities in several countries, contributing to broader market volatility.
This geopolitical backdrop has limited investor conviction and injected volatility into both traditional financial markets and cryptocurrencies, keeping many traders on the sidelines.
Despite these headwinds, institutional flows into XRP products have continued. CoinGlass data shows that XRP spot ETFs drew nearly $1.2 million in net inflows on Wednesday, following about $7.44 million on Tuesday, signaling persistent demand from larger investors.
CoinGlass also reports XRP futures Open Interest at roughly $2.43 billion on Thursday. A declining Open Interest typically reflects reduced speculative engagement and suggests shorter-term participants are less committed to the current price direction.
XRP price analysis: Recovery attempt faces major resistance
XRP is trading around $1.10, but the technical landscape remains tilted toward the bears. The token sits below key moving averages, which indicates the longer-term downtrend is still in place.
Momentum indicators show selling pressure is easing but have not confirmed a full trend reversal. The Relative Strength Index (RSI) near 44 points to weak buying interest while remaining just above oversold conditions. Meanwhile, the MACD histogram remains negative, reflecting ongoing bearish momentum despite the recent bounce.
If buyers manage to regain control, the first meaningful resistance would be the 50-day EMA around $1.30, followed by hurdles at $1.40 and $1.61. A decisive move above $1.26 would signal strengthening bullish momentum and increase the likelihood of a sustained recovery.
Conversely, if selling pressure resumes, XRP could revisit the $1.05 support level and risk sliding below $1.00 toward lower demand zones near $0.95.
In summary, XRP’s recent rebound benefits from steady ETF inflows and increased institutional interest, but weakening futures activity, persistent geopolitical uncertainty, and a bearish technical setup mean the recovery is tentative. Traders should watch key levels around $1.26 and $1.05 for clues about the next directional move.