Overview
- XRP pulled back into the $1.33–$1.39 band after recent selling, with several outlets reporting a drop to about $1.34 on Thursday that put the token close to its 200‑day exponential moving average near $1.34.
- Derivatives data show a bearish tilt with a long‑to‑short ratio near 0.83 and negative funding rates, meaning more traders are short and shorts are paying longs, which can amplify downward moves if leverage is swept.
- U.S. spot XRP ETFs have provided steady demand, logging 11 consecutive inflow sessions for roughly $1.68 billion in cumulative net flows, a key institutional support that underpins the medium‑term outlook.
- Protocol developments give another potential upside trigger: XRPL 3.4.0 reached a beta milestone and the Lending Protocol amendment is in validator voting with about 31.4% support so far versus the 80% needed to activate the change.
- Traders are watching a tight technical range where holding $1.30–$1.35 would keep the constructive moving‑average structure intact and a sustained break above $1.45–$1.50 would be required to restore stronger momentum and broaden participation.