XRP Stuck Near Key Support as Sellers Maintain Upper Hand

XRP has been trading near its key support level of $1.00 since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.

The remittance token continues to trend bearish, with the Relative Strength Index (RSI) sitting around 37 on the daily chart, below the neutral 50 mark.

Retail participation remains steady in the derivatives market, with perpetual futures Open Interest (OI) averaging 2.77 billion XRP on Monday, a slight increase from 2.72 billion XRP the previous day.

The spot Exchange-Traded Funds (ETFs) extended their bullish momentum, posting modest inflows of $2.25 million through Friday last week, reinforcing prevailing risk-on sentiment.