Overview
- A late-session volume surge on Thursday pushed XRP above $1.10 to an intraday high near $1.1065, with two large spikes of roughly 43.5 million and 14.2 million XRP driving the move.
- Perpetual futures open interest ticked up to about 2.14 billion XRP from 2.09 billion, a rise that market trackers say signals returning retail and derivatives activity.
- SoSoValue data showed roughly $7 billion in net outflows from spot XRP ETFs, a sharp reversal from prior steady inflows and a sign of reduced institutional buying.
- XRP remains below its 50-, 100- and 200-day exponential moving averages, creating stacked overhead resistance near $1.17, $1.28 and $1.49 that caps the rally.
- Thin tradable supply, concentrated large holders and recent geopolitical shocks raise the risk of volatile swings, so traders are watching whether $1.10 holds and if buying can reach $1.1065–$1.13 before attempting higher targets.