Good News for Ripple? XRP ETFs Post Inflows Despite Market Downturn

Of course, the inflow has been far from enough to reverse XRPs weakening price action, although positive signs appear.

XRP Price Notes Small Rebound

XRP is showing a modest rebound today, with the token trading around 2% higher. That said, the move has not fully erased the recent bearish pressure.

As reported earlier, XRP recently slipped towards its lowest levels since March, eyeing $1.20 as the next major support zone.

You may also like:

Technical pressure has also been intense throughout the past week. XRP fell below its 100-day moving average, which is currently treated as considerable resistance at $1.4, while the 200-day moving average remains higher around $1.6.

A breakdown below $1.2 could open the door to a much deeper decline, potentially toward the zone around $0.60.

And yet, the contrast seems clear: ETF demand remains positive, but price momentum is still bearish. The first step to stabilizing the PA would be to reclaim the 100-day EMA at $1.4.