XRP ETFs Attract $1.39 Billion as Token Struggles Below Key Moving Averages Trader Edge | usagoldmines.com

Key Takeaways

• XRP is currently hovering near $1.36, struggling beneath its 50-day, 100-day, and 200-day exponential moving averages
• Cumulative spot XRP ETF inflows have reached $1.39 billion, with $12.57 million added this week alone
• Binance XRP reserves declined from 2.78 billion to 2.74 billion tokens, suggesting accumulation behavior
• On May 20, the XRP Ledger registered 4,300 new wallets within 24 hours — marking 2026’s fourth-largest daily expansion
• The token remains 62% beneath its July 2025 peak of $3.66, with critical resistance levels between $1.40 and $1.55

XRP is currently positioned around $1.36 following an unsuccessful attempt to surpass $1.39 during Thursday’s trading session. The digital asset is maintaining a foothold just above critical short-term support at $1.35, though the overall momentum continues to face headwinds.

The current price level remains confined below three significant moving averages. The 50-day exponential moving average stands at $1.41, the 100-day at $1.48, and the 200-day at $1.70. With all three indicators positioned above spot price, market observers suggest this configuration restricts potential upward momentum.

The Relative Strength Index (RSI) currently registers near 42 on the daily timeframe. This indicates moderate selling pressure without reaching oversold conditions. Meanwhile, the MACD histogram remains in negative territory, signaling continued short-term bearish control.

Should XRP fall through the $1.35 threshold, the subsequent support zone appears around $1.30, where market participants may seek entry opportunities.

Institutional Capital Continues Flowing Into XRP Products

Contrary to the subdued price performance, institutional capital continues entering XRP-focused investment vehicles. Spot XRP exchange-traded funds recorded $12.57 million in aggregate inflows through Thursday, representing the third consecutive week of net positive flows.

Total cumulative inflows have now climbed to $1.39 billion, with assets under management reaching $1.15 billion. Thursday’s trading session alone contributed $8.8 million in net inflows, extending the streak of positive ETF flows to 12 consecutive days.

U.S.-based spot XRP ETFs currently control approximately 1.34% of the token’s circulating supply. Throughout May, these investment products have absorbed roughly $107.3 million worth of XRP.

Simultaneously, XRP holdings on Binance decreased from a May peak of 2.78 billion tokens to 2.74 billion. Declining exchange balances typically signal bullish sentiment, as it indicates investors are transferring assets to private wallets rather than positioning for sales.

On-Chain Metrics Reveal Growing Network Participation

Blockchain analytics revealed a notable increase in XRP Ledger engagement on May 20. The network registered 4,300 newly created wallets during a single 24-hour window — representing 2026’s fourth-largest daily expansion according to Santiment data. Concurrently, daily active addresses surged from 32,000 to 43,520.

Analyst Amonyx highlighted this development, questioning whether it might signal a potential trend reversal. Santiment emphasized that “network growth is among the top leading signals to identify reversals.” Fellow analyst Niroshan682 observed that wallet proliferation frequently precedes broader network adoption, particularly when accompanied by strengthening ETF demand and institutional participation.

However, overhead resistance zones continue limiting upside potential. According to Glassnode cost-basis analysis, investors currently hold approximately 3.75 billion XRP at average acquisition prices between $1.37 and $1.45. This concentration could generate selling pressure as the token approaches break-even levels.

An additional resistance barrier exists between $1.68 and $1.70, where roughly 3.8 billion XRP was accumulated. The token currently trades 62% below its July 2025 high of $3.66.

For bullish momentum to materialize, XRP must decisively clear the $1.40–$1.55 range to validate a breakout from its current consolidation pattern. Thursday’s $8.8 million ETF inflow represents the most encouraging data point amid an otherwise range-bound trading week.

The post XRP ETFs Attract $1.39 Billion as Token Struggles Below Key Moving Averages appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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