XRP Consolidates Below Key Resistance as Institutional Demand Holds Firm

XRP has been consolidating around $1.07 after defending its support zone at $1.04 over recent sessions, indicating reduced selling pressure but no clear control by buyers.

The price remains clustered between $1.07 and $1.10, a strong resistance band limiting upside momentum. The Relative Strength Index (RSI) has climbed to 47.64, showing an increase in momentum but not confirming the bulls' strength.

Institutional demand for XRP continues, with weekly spot ETF inflows reaching $14.86 million by July 31st, marking a third consecutive week of positive flows. Cumulative net inflows have climbed to $1.51 billion, while total net assets stand at $988.78 million.

A clean breakthrough of the current resistance at the $1.10-$1.13 level, coupled with increasing trading volume, would indicate that buyers are absorbing remaining inventory and not just fueling a new round of price appreciation.