XRP Price Slumps Below Key Technical Level Amid Cooling ETF Inflows

XRP's price dropped by 5% on August 29 to $1.39, breaking below its previous quarter value area high of $1.43.

This level is now acting as resistance rather than support, and if XRP fails to reclaim it, the next downside target will be $1.30.

The analyst noted that while a full drop to $1.30 is not expected, XRP's price action has been weaker than anticipated.

ETF inflows have cooled down, which could be a signal worth watching, as historically when outflow trends begin to shrink rather than accelerate, it often marks a market bottom.