XRP Tests Critical Support at $1.37 Amid Strong Institutional Inflows

XRP has declined 2.46% in the past 24 hours to $1.38, testing its critical 200-week EMA support at $1.37.

This technical threshold is a crucial indicator for market observers, who warn that a breakdown beneath it could trigger a longer-term bearish trajectory.

However, institutional interest in XRP remains strong, with ETF inflows reaching a multi-month high of $110.49 million between August 24 and August 28.