Key Insights
- Spot ETFs have purchased $1.12 billion in XRP over five weeks, reflecting growing institutional interest in the token.
- XRP Ledger crossed four billion total transactions, showing strong and sustained network utility and adoption.
- XRP price remains stable near $1.88, with technical levels at $1.80 and $2.00 shaping short-term market direction.
XRP price traded below the $2 mark during the latest market downturn, with the broader crypto market declining by 1.7 percent within 24 hours. While leading assets such as Bitcoin and Ethereum also saw pullbacks, XRP managed to find support near $1.80, maintaining relative stability.
Amidst this correction, XRP has drawn renewed institutional interest. Data confirms that U.S. spot exchange-traded funds (ETFs) have accumulated $1.12 billion worth of XRP over the past five weeks. These consistent inflows have continued despite market fluctuations, reinforcing market confidence in XRP-linked products.
XRP ledger crosses 4 billion transaction milestone
The XRP Ledger recorded a major technical achievement, surpassing four billion total transactions. Public blockchain data highlighted this development, underlining the asset’s growing utility in high-speed, low-cost settlements. Ripple’s chief technology officer acknowledged the milestone, noting that usage metrics such as transaction volume offer a more accurate reflection of network value than price action alone.
The XRP Ledger remains widely adopted in infrastructure and payment-related use cases, which continue to expand steadily in cycles.
XRP’s price hovered near $1.88 on the 4-hour chart, trading between a well-established range of $1.80 and $2.00. Sellers remain active just below the $2.00 resistance level, while buyers continue to defend the $1.80 support zone. The current trend indicates a consolidation phase, with low volatility dominating short-term movement.
Technical indicators reflect mixed sentiment. The Relative Strength Index (RSI) sits at 43, pointing to weak buying pressure, while the MACD shows a bearish crossover, suggesting potential downside risk if the support level weakens.
Institutional interest offsets selling pressure
Despite slight selling pressure across the market, the trend remains constructive for XRP. Analysts note that any improvement in general market sentiment could catalyze a rebound, particularly if XRP breaks above the $2.00 resistance level. A successful move higher may set the stage for a potential push toward the next target at $2.20.
Meanwhile, the sustained demand from ETFs and robust ledger activity are viewed as supportive factors for price stability and the longer-term outlook.
