Ripple (XRP) Price Bounces 2% on Continued ETF Inflows: Whats Next?

That follows yesterdays positive reading, when these products saw about $1.77 million in inflows despite the broader crypto market downturn.

The inflows may not be massive, but they do indicate a temporary trend, with institutions continuing to accumulate XRP amid market instability.

The continued streak gives bulls a positive narrative, but ETF demand alone has definitely not been enough to fully reverse the broader downtrend observed in XRPs price.

You may also like:XRP Price Outlook: Key Levels to Watch

From a technical perspective, XRPs 2% daily bounce is encouraging, but it is far from being a signal for a confirmed trend reversal. The token has recently slipped toward its lowest level since March, with the $1.20 region continuing to serve as a key support level.

The first major upside level to watch is around $1.4.

As we recently reported, XRPs 100-day moving average sits near that zone, making it a key resistance level for buyers to reclaim. A successful breakout above it could open the door to a move toward $1.5-$1.6 and improve short-term sentiment.

On the downside, a clean break below $1.20 would be a bearish signal, potentially exposing the altcoin to a deeper correction. This becomes especially true if Bitcoin and the broader crypto market resume their decline.