XRP Holds Steady Near $1 as Institutional Demand Remains Strong

Ripple (XRP) has been hovering near its key $1 psychological support level, suggesting potential for a recovery. Spot XRP Exchange Traded Funds (ETFs) have continued to attract institutional flows, with net inflows recorded for the fifth consecutive week.

US-listed spot XRP ETFs saw an inflow of $2.25 million through Thursday, indicating robust institutional demand. This trend is expected to continue if Friday shows positive flows, supporting a potential recovery for XRP.

CryptoQuant on-chain metrics show that XRP whales are positioning themselves, with the average spot order dominated by big-whale classifications throughout this year. However, the 90-day taker CVD has cooled to a neutral phase, indicating accumulation without aggression.