XRP is showing signs of holding onto the $1.40 support level as money continues to pour into ETFs, causing its price to settle into a trading range.

On Monday, XRP's price was just over $1.42, a bit lower than its peak of $1.47 from last week. The $1.40 level seems to be acting as a solid base, which helps keep the price steady and suggests it could bounce back up.

Money continues to flow into XRP ETFs quite strongly; about $14 million was added just last Friday. This is the sixth day in a row we've seen inflows, pushing the total to roughly $1.27 billion, which really highlights ongoing interest from investors.

The general mood in the market is also getting better. The Fear & Greed Index has climbed to 29, a notable improvement from the very low fear levels we saw last week.

Yet, when we look at the derivatives market, things are slowing down a bit. For instance, open interest fell from $2.80 billion to $2.56 billion. This drop might indicate less leveraged trading and a dip in confidence, potentially slowing down any price recovery if this trend keeps up.

From a technical perspective, XRP couldn't break past the resistance area between $1.48 and $1.51, pulling back instead towards $1.40. Buyers are still active at this point. If it goes lower, we'd look at support levels around $1.37–$1.34, and then potentially $1.30–$1.28.

Key indicators that measure momentum, like MACD and RSI, are starting to flatten out and even dip a little. This suggests that the upward movement is losing steam rather than picking up.

Right now, the price appears to be trading within a range, roughly between $1.34 and $1.50. If it manages to climb above $1.50, we might see it head towards $1.60 to $1.67. On the flip side, if it drops below $1.34, it could fall back closer to $1.30.

This indicates is the price range around $1.40 will probably continue to be quite unpredictable. However, trading at either end of this range might present more straightforward opportunities.

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