Amidst broader market hesitation, Ripple's XRP has demonstrated noteworthy resilience, buoyed by strategic institutional interest and developing technical strength. While defending crucial support levels, the altcoin now faces a pivotal test against key resistance, hinting at a potential inflection point for its market trajectory.
Institutional Confidence Builds
XRP's recent performance is underpinned by a quiet but significant resurgence in institutional interest. Last week, XRP-focused Exchange Traded Funds (ETFs) attracted $1.84 million in inflows, a notable divergence from the muted or negative flows experienced by other major tokens. This selective capital rotation suggests that institutions are strategically positioning themselves, reflecting a measured yet increasingly constructive confidence in XRP ahead of potential catalysts. Sustained inflows reinforce the idea that institutional engagement with XRP remains robust, bolstering its overall narrative in the market.
Technical Battle at Key Resistance
Technically, XRP has shown encouraging signs of a structural shift, defending a critical double bottom formation near the $1.35 support level. This defense was crucial, as a breach would have invited deeper bearish momentum. Internally, momentum indicators are flashing positive signals: the Relative Strength Index (RSI) is steadily lifting from oversold territory, and the Moving Average Convergence Divergence (MACD) is printing positive histograms, both pointing to increasing buying pressure and returning strength across lower timeframes. However, despite this underlying momentum, the broader bullish structure remains incomplete. A decisive breakout above the stubborn $1.73 resistance level is essential for XRP to confirm a sustained recovery and accelerate its upward trajectory.
