- U.S. spot XRP ETFs recorded about $73.2M in net inflows during the week of Aug. 24, signaling stronger demand.
- XRP rejected $1.55 and fell nearly 20%, while the $1.42-$1.44 area now acts as immediate resistance.
- XRP remains above its rising 200-day average near $1.17, keeping $1.28-$1.17 as key long-term support.
XRP has drawn fresh demand from U.S. spot ETFs during the week of August 24, with Ali Charts reporting about $105 million in purchases. The inflows came after XRP’s mid-August breakout toward $1.56, while Crypto Patel said the token faced rejection near $1.55. The pullback now leaves XRP below short-term resistance.
ETF Demand Rises as XRP Pulls Back
Ali Charts said U.S. spot XRP ETFs recorded net inflows of roughly $73.2 million during the week of August 24. He described the flow as increased demand for XRP. The ETF activity came after XRP climbed sharply from nearly $1.00 around August 15.
The rally pushed price toward $1.56 and came with a major jump in trading volume. However, XRP later retreated to about $1.388. Trading volume now stands near 2.04 billion, according to the chart data.
Resistance Holds Near $1.55
Crypto Patel said XRP rejected the $1.55 resistance zone after briefly moving above it. The move first produced a liquidity wick above resistance, followed by heavy selling. That selling drove XRP almost 20% lower from the recent high.
Patel said XRP has not confirmed a bullish trend until price breaks higher and gains weekly acceptance above the current high. Meanwhile, the current price sits below the 50-day moving average near $1.42. This places $1.42-$1.44 as the immediate resistance area.
XRP Holds Long-Term Support
The chart places XRP’s 200-day moving average near $1.17, with the indicator turning upward. XRP remains above that level despite the recent pullback. If price reclaims $1.42-$1.44, the next levels is around $1.50-$1.56.
If resistance continues to hold, the chart shows support around $1.28-$1.17. Crypto Patel also identified $0.90-$0.70 as a possible downside and accumulation zone if the recent high holds. He separately said $10 remains possible over the long term.
Alongside price action, XRP’s holder count has risen toward 8.09 million from about 7.6 million earlier. Ripple also remains part of Patel’s discussion about its regulatory history and future direction.
