WikiBit 2026-02-07 14:39Key Insights: XRP price delivered a 18% intraday surge from $1.13 to $1.54 on extreme oversold conditions and spot buying. XRP ETF inflows reached $1.21
Despite global market turbulence from tech stock declines and doubts over Big Tech AI spending, the structure remained intact. High spot demand for Ripple coin appeared once the price stabilized above the psychological $1 level.
Earlier pressure came from roughly $40 million in XRP liquidations and Ripples scheduled release of 300 million tokens from escrow. Those factors eased on Friday. Liquidations dropped sharply to about $20.5 million total, balanced between longs and shorts.
Institutional Support Bolsters XRP Price Momentum
XRP spot ETF continued to attract capital. US-traded funds registered three consecutive net inflows days. On Thursday, there was a $1.28 million inflow, after it received $19.5 million on Tuesday and 4.8 million on Wednesday.
Cumulative inflows now stand at $1.21 billion, with assets under management near $888 million.
This type of buying regularly is sometimes an indication of trust. It held its own even when the retail involvement declined.
The Ripple coin open interest of futures decreased to $2.40 billion, the lowest since the beginning of January 2025. The falling OI implies that traders do not have high conviction to continue with the rising movement.
Technical Levels to Watch for Ripple Coin Price Direction
The Ripple coin daily RSI has rebounded to approximately and is rising steadily, out of below 30, indicative of a buy. The stochastic oscillator has turned bullish as well.
However, XRP price MACD remains negative, and price sits below the 50-, 100-, and 200-day moving averages. The longer-term death cross stays in place.
XRP Daily Chart | Source: TradingView
Immediate resistance for XRP price lies at $1.54, followed by $1.62–$1.73 and the major downtrend line near $1.80–$2.00. Ripple coin price has key support at $1.38–$1.40, with deeper levels at $1.20–$1.30 and $1.00–$1.10.
Analyst EGRAG Crypto gives a positive prediction above $1.85, targeting $2.20 next. He views positions as manageable even if the price dips below $1.28.
Short-term charts display a clear V-shaped bounce with strong volume confirmation. In case XRP price remains above $1.40, the bullish argument may be realized, and it will increase to $1.80 and even more.
On the other hand, anything below $1.28 would be an indication of a shift back to a larger downtrend, and tests would be around $1.00.
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