- XRP maintains support level as demand for ETFs declines, and technical barriers hinder recovery.

XRP price holds a strong support level at $1.38 on Friday, with bulls targeting a short-term breakout above the $1.40 level.
Demand for XRP from retail and institutional investors has decreased as open trading volume fell to $2.59 billion amid weak ETF activity.
The SuperTrend indicator remains bullish despite major moving averages limiting XRP's recovery potential.

It appears that Ripple (XRP) found support at $1.38 on Friday after a significant correction following its weekly high of $1.47 on Wednesday.
The digital asset dedicated to financial transfers shows slight rebound signals, aiming for a short-term breakout above the $1.40 supply level.

- Cooling market interest negatively impacts XRP price
Institutional demand for spot XRP ETFs declined on Thursday, with SoSoValue reporting no inflows.
This marks a temporary pause after three consecutive days of strong inflows: $3.87 million on Monday, $11.28 million on Tuesday, and $13.03 million on Wednesday.

Despite the decreased demand, the average cumulative inflows reached $1.32 billion, up from $1.29 billion on Monday.
Total assets under management stood at $1.08 billion, slightly higher than $1.07 billion during the same period.

XRP ETF inflows | Source: SoSoValue

Demand for XRP derivatives fell to $2.59 billion on Friday from $2.61 billion the previous day.
Although there are slight signs of XRP price recovery toward $1.40, the declining demand from retail investors indicates sellers are increasingly opening short positions, expecting the price to drop below the daily support level of $1.38.

Meanwhile, with liquidity concentrated around the $1.40 supply zone, increased volatility could pose a challenge to short-term bullish traders.

Daily trading info for XRP futures | Source: CoinGlass
$XRP