XRP Fights Through Heavy Resistance on Path to $2
XRP has been on a strong recovery path since hitting an interim low near $0.98 in early August, currently trading between $1.40 and $1.45.
The rally is driven by a combination of macro liquidity shifts and institutional inflows, with US Treasury's expansion of long-end bond buybacks softening the US Dollar Index and bringing risk appetite back to digital assets.
US spot XRP ETFs have logged multi-week inflow streaks, scooping up over $100 million from liquid exchange supply, while benchmark integration like the FTSE XRP Index paves the way for Wall Street to build new products and slide XRP into traditional portfolios.
Ripple's dollar-pegged stablecoin (RLUSD) has just crossed $2 billion in circulation, giving a real boost to on-chain utility, but there are two major hurdles standing out: heavy overhead resistance on the charts and fresh token supply hitting the market.