XRP ETF Inflows Fail to Break Resistance as Analysts Eye Support Levels
XRP traded near $1.53 on September 24, up 2.3% in 24 hours and 17% over the past week, but it failed to breach the $1.60–$1.65 resistance zone. U.S. spot XRP ETFs saw $18.04 million in net inflows on September 23, led by Bitwise and Franklin Templeton, bringing cumulative inflows to $1.748 billion. Technical analysts point to $1.40–$1.43 as the first support level, with a break below $1.35 potentially triggering a deeper decline.
The $18.04 million ETF inflow on September 23 marked another incremental gain for regulated XRP products, with Bitwise contributing $11.54 million and Franklin Templeton adding $6.50 million. Bitwise's Ryan Rasmussen reported that a presentation to roughly 400 asset managers generated notable interest, with informal polling showing 60 percent planning crypto allocations within a year.
Technical positioning remains fragile despite the weekly gain. Analysts identify $1.40–$1.43 as the first support floor, while Ali Martinez flags $1.31–$1.35 as critical for sustaining momentum. Yashu Gola warns a daily close below $1.285 could confirm a double-top pattern, potentially driving XRP toward $1. Moving averages between $1.28 and $1.40 currently provide cushioning.
Institutional adoption through regulated ETF products could gradually reshape how retail and professional investors access XRP, potentially adding a stable demand channel that reduces reliance on speculative trading. However, the modest daily inflows relative to spot market breadth suggest ETFs alone may not anchor prices during broader downturns. Traders and holders face meaningful uncertainty around the $1.35 threshold, where a break could trigger cascading sell-offs, while sustained support might encourage longer-term positioning. The outcome could influence sentiment across the wider crypto sector.