Key Points
- After failing to break through the $1.60 resistance level, XRP fell by nearly 7% within 7 days.
- Trading volume remains at around $3 billion, which is nearly 4% of its circulating market value.
- Since October, XRP ETF has only attracted approximately $4 million in capital inflows, compared to $121.4 million in September.
- Trading activity remains at a high level, around $3 billion, but the slowdown in capital inflows to ETF and the increase in tokens transferred to exchanges indicate that buyers are facing a more challenging environment.
- This callback also came alongside a weakening of the broader crypto market, as well as a cooling of market sentiment following the previous gains.
XRP ETF experienced a noticeable slowdown in capital inflows in October.
Analysis citing SoSoValue data shows that exchange-traded funds linked to XRP recorded a net inflow of $121.4 million in September.
So far, investors have only added approximately 4 million US dollars in October. At this rate, the report estimates that the inflow for this month will be around 17 million US dollars, although the final total still depends on the demand during the remaining trading period.
This slowdown indicates that the buying momentum entering through investment fund channels has weakened. However, this does not necessarily prove that investors are withdrawing their funds, as the cumulative capital flow in October was still positive.
However, as XRP attempts to find the bottom, the weakening demand from ETF indeed loses one source of support.
On-chain data shows that the inflow of XRP into exchanges has accelerated over the past two weeks, reaching the highest level since July 2026.
Transferring to an exchange may indicate that the holder is preparing to sell, but this does not confirm that the actual sale has taken place. Some recharges may also be used for trading, as collateral, or for other purposes.
Nevertheless, as the resistance level at XRP fell, the increase in inflows further exacerbated market concerns that early buyers might be looking to take profits.
The Fear of Missing Out (FOMO) and Greed Index has dropped from its recent high of 80 to 58, reflecting that as prices correct, the market is cooling down from a state of strong optimism.
Analysis suggests that the inflation data for August, which fell below expectations at PCE, also supports this view.
However, even though the market still expects interest rates to rise later on, this has not prevented the entire crypto market from taking profits in the short term.
XRP Technical Outlook: Bulls Hold the 1.32 Dollar Support Level
The daily chart shows that XRP is currently close to its 200-day exponential moving average, and analysts consider around $1.32 to be a potential rebound area.
If this position can be held, it may help stabilize the price. If selling accelerates, the next support level is around $1.26, a level that has previously attracted buyers.
Looking further down, $1.26 also represents a deeper level of support and will become another important test for the bulls.
The momentum has weakened, and the Relative Strength Index ( RSI ) is approaching 40, indicating that sellers still hold an advantage in the short term.
The mid-term target of $1.80 has not yet expired, but to reach this level, demand needs to rebound again and continuously break through the resistance level of $1.60 that previously hindered the recent round of gains.
