XRP Consolidates at $1.14 as Institutional Inflows Plunge to $12.4M

XRP is currently trading around $1.14, maintaining a short-term consolidation structure following a significant correction from its previous highs.

The 200-day moving average near $1.09 acts as the primary bull/bear line on the daily chart, with a breakdown below this level exposing key secondary support at $1.05.

Institutional ETF inflows have slowed significantly, dropping to ~$12.4M in July, despite a technical setup pointing upward, creating a divergence between technical chart patterns and underlying institutional liquidity.