- Price Analysis: XRP Gains Momentum as Buyers Tighten Grip:


XRP maintains a strong position above the recently reclaimed support level at $1.15, indicating active buying interest on dips. However, bearish momentum remains intact, as the spot price continues to trade significantly below the key moving averages. The nearest dynamic resistance aligns with the 50-day Exponential Moving Average (EMA) at around $1.25, while additional support levels are found near the 100-day EMA at approximately $1.35, and the 200-day EMA close to $1.57.

The descending resistance line, derived from previous highs and intersecting before the $1.50 level, reinforces the overall downtrend, even though the Moving Average Convergence Divergence (MACD) remains slightly positive on the daily chart. Meanwhile, the Relative Strength Index (RSI) is improving, approaching the mid-40s on the same chart, suggesting the market is consolidating more than signaling a decisive bullish reversal.

Daily Chart of XRP/USDT Pair
In the bullish scenario, buyers will need to first break above the 50-day EMA at $1.25, with a daily close above this level opening the way toward the 100-day EMA at $1.35, then the descending resistance zone around $1.50. A sustained breakout of this trendline is required to unlock the 200-day EMA at $1.57 and shift the broader structure into a more positive phase. Until then, gains are likely to be considered corrective within the prevailing bearish framework.
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Before00zero
- The resurgence of the XRP currency is supported by continuous inflows from exchange-traded funds:

The Ripple (XRP) currency gained momentum on Monday, with its price surpassing $1.15 amid a general recovery in the cryptocurrency market. This recovery comes amid a decrease in geopolitical tensions in the Middle East, following reports that the United States and Iran made progress in the first round of talks aimed at reaching a permanent peace agreement.

Although the two countries agreed on an initial framework aimed at reaching a final agreement within 60 days, Israeli attacks on Lebanon may complicate the current ceasefire.

Meanwhile, U.S. President Donald Trump warned Iran against "sparing its mercenary clients in Lebanon from causing trouble." Trump added: "If they don’t do that, we will strike Iran hard again, just like we did last week, but with greater force!"

- XRP continues to attract institutional interest:
Institutional investors interested in investing in cryptocurrencies through exchange-traded funds (ETFs) have steadily increased their investments in XRP over recent weeks. According to SoSoValue, XRP ETF funds have recorded net inflows for the seventh consecutive week.

Inflows reached $11 million last week. The total inflows amount to $1.45 billion, while the average net assets under management stand at $995 million.

Although the inflows were moderate, the ongoing demand for US-listed spot XRP ETFs indicates that institutional investors maintain a positive outlook on XRP’s potential to recover in the short to medium term.

XRP ETF inflows | Source: SoSoValue
"Focus remains on regulation, payment adoption, and investor sentiment toward alternative currencies in general. The Federal Reserve indicates that interest rates will stay high for a longer period, which has greater implications for investor confidence," said Anil Onko, CEO of Bitpace.

The widening scope of the XRP derivatives market points to a bleak picture, as open interest in futures contracts fell to $2.55 billion on Monday, down from $2.63 billion the previous day. This decline is minor compared to the record $10.94 billion set in July, indicating reduced risk appetite. Market participants remain hesitant to open new long positions.

Daily trading data for XRP futures | Source: CoinGlass
Onko adds that investors are finding it difficult to confidently price risky assets, "as liquidity remains limited, with ongoing uncertainty about the future path of interest $XRP rates."
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Before00zero
· 06-22 18:38
Weak demand in the retail sector, along with a decline in open futures trading volume to $2.55 billion and poor technical structure, may limit expectations for XRP's recovery.
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Before00zero
· 06-22 18:37
The bullish market is at its peak 🐂
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