XRP Grinds Against Resistance at $1.60-1.62 Amid Strong ETF Inflows

XRP has been trading near $1.51 as demand through U.S. spot exchange-traded funds remains strong, leaving traders wondering whether the token can break resistance around 1.60-1.62.

The token faces immediate resistance at this level, while its daily chart continues to hold above the Bollinger Band midpoint near $1.43, a key indicator-based support level.

U.S. spot XRP ETFs have accumulated around $1.8 billion in net inflows since launching, providing another source of demand for the token.

Bitwise's XRP ETF charges an annual sponsor fee of 0.34% and holds its XRP with Coinbase Custody Trust Company.