XRP has seen a significant uptick in trading activity, with Bitrue reporting a 212% rise in spot purchase volumes, more than double the sell-side activity. The surge aligns with ongoing accumulation by institutional investors following the launch of XRP ETFs.
According to Bitrue, XRP has drawn a net $1.1 billion in inflows, with weekly inflows consistently positive and outflows observed on only five days.
Support from retail and institutional investors is becoming stronger, which could result in a tighter supply of XRP. This configuration could allow XRP to outperform key competitors in Q2 2026.
Bitrue has placed XRP at the forefront of its business since 2018, developing flexible earn products with XRP and making it a base trading pair.
Moving forward, Bitrue intends to leverage this momentum to further establish itself as a liquidity hub for assets on the XRPL, including RLUSD, which is now a base trading pair.
Also Read: XRP Drops 10% as On-Chain Indicators Warn of Extended Downtrend
XRP Price Holds in Defined Range
Despite the increasing market interest, the short-term price action of XRP is still ranging. According to analyst CasiTrades, since XRP has not yet broken through significant resistance levels, the overall market plan remains the same.
The significant support levels are $1.11 and $0.87, and the first level of resistance is $1.67. Until the price action moves significantly beyond one of these levels, the market will continue to range within the existing levels.
A 1-hour chart of XRP/USD from Coinbase reveals a correction following a strong rebound from approximately $1.10-$1.12, near the 0.786 Fibonacci level at $1.0885. The five-wave advance reached a high of $1.65-$1.78, consistent with previous levels of resistance.
Source: X
Technical Indicators Suggest Caution
After the peak of the wave (4), XRP began to move downward and could form a larger wave (5) downward. The short-term rallies are only corrective, and the price has difficulty breaking above the $1.50 level, which has become a resistance level.
If the price breaks below the current rising trend line, the next targets will be around $1.10 and the larger support zone at $0.85-$0.92.
Momentum indicators call for caution. The RSI indicates bearish divergence. The price plots higher highs, but the RSI fails to follow suit, indicating a possible bearish influence.
A break below the RSI support line may accelerate the selling momentum towards the lower liquidity region. A break above $1.65 is required to negate the bearish outlook and rekindle hopes of touching $1.78.
Also Read: XRP Tests Key Support as 11% Triangle Pattern Signals Volatility Ahead