XRP Price Rises Above $1.42 as Capital Inflows Return
Ripple's XRP token has been gaining momentum over the past two days, trading above $1.42 and building on a recently confirmed support range between $1.30 and $1.35.
The return of capital inflows into US-listed XRP spot ETFs is seen as a positive sign for the token's short-term outlook, with cumulative inflows reaching $1.68 billion and net assets under management holding at $10.51 billion.
Perpetual futures Open Interest remains relatively steady, standing at 2.23 billion XRP on Wednesday, down only marginally from 2.24 billion XRP the previous day.
The technical analysis suggests that XRP is trading above major moving averages, reinforcing the bullish outlook, but upside could remain capped unless the psychological barriers at $1.50 and $1.70 are cleared.