XRP fell to $1.86 on Friday as traders continued to sell into price rallies, even though demand for XRP exchange‑traded funds (ETFs) stayed strong. The move came as bitcoin’s latest rebound attempt faded, keeping the broader crypto market stuck in a narrow range.
Data shows that total assets held in XRP spot ETFs have risen to $1.25 billion, after investors added more than $8 million in recent sessions. The steady inflow suggests that institutional investors are still building exposure, even as short‑term price action remains weak.
Institutions Favor ETFs Over Spot Trading
Market analysts say professional investors increasingly prefer ETFs to gain XRP exposure. These products offer easier custody, clearer compliance, and lower operational risk. As a result, long‑term demand has remained stable despite short‑term selling pressure.
This trend mirrors a wider shift across crypto markets, where large investors favor regulated products instead of chasing price momentum in spot markets.
Tight Trading Range Signals a Bigger Move
XRP has remained locked in a narrow trading range between $1.85 and $1.91. Sellers have repeatedly defended the $1.90 resistance level, while buyers continue to support prices near $1.86.
Trading volume jumped during attempts to break higher, showing strong selling interest near resistance. At the same time, repeated rebounds from the $1.86 area suggest buyers are still active.
Analysts say this tightening range points to a decisive move ahead, as pressure builds on both sides.
Bitcoin Weakness Weighs on the Market
Bitcoin’s recovery attempt failed to gain momentum during U.S. trading hours. This lack of follow‑through kept major cryptocurrencies in a risk‑off environment, where price levels matter more than sentiment.
As long as bitcoin remains weak, traders expect XRP and other major tokens to stay range‑bound.
Key Levels to Watch
If XRP holds above $1.86 and breaks back above $1.90, the price could move toward $1.95 to $2.00. A strong close above resistance may trigger short‑covering.
If support at $1.86 fails, analysts warn that XRP could slide toward the $1.77 to $1.80 range, where buyers have stepped in before.
For now, ETF inflows continue to support the market, but short‑term traders remain cautious.
