XRP price stabilizes near key technical levels even as institutional momentum weakens, raising questions about the token’s next move.
Conclusion
- XRP Spot ETFs are showing about $6.08 million in daily net volume, indicating softer institutional demand.
- The token is trading around $1.41, consolidating after falling from highs near $1.90 earlier this year.
- Momentum indicators such as the RSI near 50 and the rising odd oscillator indicate that the bearish pressure may be easing.
According to Crypto.News, the Ripple token (XRP) traded around $1.41 on March 13, gaining about 2.4% on the day. The token has been consolidating in a narrow range since falling from highs near $1.90 earlier this year, suggesting the market is looking for a new directional catalyst.
Institutional sentiment seems to be softening. XRP spot exchange-traded fund tracking data shows daily net outflows of about $6.08 million, while total net assets in the product remain close to $967 million.
The chart shows that after several inflow sessions in early March, ETF performance turned negative with several red days in a row, indicating that some institutional investors may be reducing exposure or locking in gains after earlier gains.
Despite cooling ETF demand, XRP managed to hold support above $1.40, an area traders are watching closely as a potential pivot for future action.
XRP price analysis
From a technical point of view, momentum indicators show that low pressure is gradually decreasing. The Relative Strength Index (RSI) is currently near 50, reflecting neutral momentum and a balance between buyers and sellers.
Meanwhile, the top oscillator has steadily climbed back toward the zero line after spending several weeks in negative territory, a move that typically signals weakening downward momentum and the possibility of a trend reversal.
Additional support for market sentiment may come from developments surrounding Ripple, which recently launched a $750 million share buyback program aimed at repurchasing shares from early investors and employees.
While the buyback does not directly affect XRP supply, it is often viewed by market participants as a sign of confidence in the broader ecosystem surrounding the token.
Technically, XRP is facing immediate resistance between $1.45 and $1.50, a zone that has repeatedly capped recent rallies.
A decisive break above this level could open the way to $1.60 and possibly $1.70, while failure to hold above $1.30-$1.35 could expose the indicator to new downward pressure.
