XRP decreased by nearly 7% over seven days after failing to break through the resistance level at $1.60. The trading volume is approximately $3 billion, which is roughly equivalent to 4% of its market capitalization. The decline in XRP occurred amid overall weakness in the crypto market and cooling sentiment following recent growth. In October, ETFs related to XRP attracted only $4 million, compared to $121.4 million in September.
For the current month, the total inflow is estimated to be approximately $17 million, although the final amount will depend on demand in the remaining days. The decreased demand for ETFs removes one source of support as XRP tries to find a bottom. Transfer data shows that the inflow of XRP to exchanges has increased over the past two weeks, reaching its highest level since July 2026. The increase in inflow may indicate that holders are ready to sell, but it does not confirm the completion of transactions. Additionally, the crypto fear and greed index has fallen from a recent high of 80 to 58, reflecting a shift from strong optimism as prices adjust.
From a technical analysis perspective, XRP is near its 200-day exponential moving average. Analysts have identified the $1.32 level as a potential bounce zone. Successful defense of this zone could stabilize the price. If selling accelerates, the next support will be around $1.26. The long-term target remains at $1.80, but achieving it will require renewed demand and a sustained recovery above the $1.60 resistance.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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