The price of $XRP is stabilizing near a key technical level even as institutional flows weaken, raising questions about the token’s next move.
- $XRP spot ETFs recorded about $6.08 million in daily net outflows, signaling softer institutional demand.
- The token is trading around $1.41, consolidating after falling from highs near $1.90 earlier this year.
- Momentum indicators such as the RSI near 50 and a rising Awesome Oscillator suggest bearish pressure may be fading.
The Ripple token ($XRP) was trading around $1.41 on March 13, gaining roughly 2.4% on the day, according to data from Crypto.News. The token has been consolidating in a narrow range after declining from highs near $1.90 earlier this year, suggesting that the market is searching for a new directional catalyst.
Institutional sentiment appears to be softening. Data tracking $XRP spot exchange-traded funds shows daily net outflows of about $6.08 million, while total net assets across these products remain close to $967 million.
The chart indicates that after several sessions of inflows earlier in March, ETF activity has turned negative with multiple red days in a row, signaling that some institutional investors may be reducing exposure or locking in profits following previous gains.
Despite the cooling ETF demand, $XRP has managed to maintain support above the $1.40 level, an area that traders are closely watching as a potential pivot for the next move.
$XRP price analysis
From a technical perspective, momentum indicators suggest that bearish pressure is gradually fading. The relative strength index (RSI) currently sits near 50, reflecting neutral momentum and a balance between buyers and sellers.
Meanwhile, the Awesome Oscillator has steadily climbed toward the zero line after spending several weeks in negative territory, a shift that typically indicates weakening downside momentum and the possibility of a trend reversal.
Additional support for market sentiment could come from developments around 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 faces immediate resistance near $1.45 to $1.50, a zone that has repeatedly capped recent rallies.
A decisive breakout above that level could open the path toward $1.60 and potentially $1.70, while failure to hold above $1.30–$1.35 could expose the token to renewed downside pressure.
