XRP was trading near $1.92 as it moved within a tight range between support at $1.80 and resistance near the 0.236 Fibonacci level at $1.99. This zone has become a key decision point for the token’s short-term direction.
Despite recent price weakness, institutional interest remains steady. Data from SoSoValue shows XRP spot ETFs recorded net inflows of $3.43 million on January 23, following $2.09 million the previous day.
Total assets under management across XRP ETFs now stand at about $1.36 billion. Since launch, cumulative inflows have reached roughly $1.23 billion, pointing to continued demand during the market correction.
On the technical side, XRP has found support near $1.77, which marks the base Fibonacci level of the recent move. The price is now consolidating below the 0.236 retracement at $1.99, a level that must be reclaimed to confirm recovery.
The 20-day exponential moving average sits close to $2.00, reinforcing resistance in this area. This overlap makes the $2.00 zone a major hurdle for buyers in the near term.
Derivatives data suggests positioning is slowly rebuilding. Futures open interest rose nearly 2% to $3.37 billion, while trading volume increased by more than 10%, indicating renewed activity after earlier liquidations.
At the same time, liquidation levels remain low, showing that excessive leverage has been cleared. The long-to-short ratio is close to balanced, reflecting cautious sentiment among traders.
For now, XRP remains range-bound. A daily close above $2.00 could open the door to higher levels near $2.12, while failure to break resistance may lead to another test of support around $1.80.
