On Friday, XRP changed hands near $1.53 as ongoing ETF inflows provided a buffer for the token, though the recent bounce has not erased the downside dangers stemming from a failed breakout earlier in the week.
CoinGecko data showed the cryptocurrency gaining about 2.3% over 24 hours and roughly 17% across seven days, while staying beneath the $1.60–$1.65 resistance band that stalled Wednesday’s upward push.
September 23 brought another $18.04 million into US spot XRP ETFs, bringing total cumulative net inflows to approximately $1.75 billion.
ETF demand remains a bullish support
Recent flow figures indicate that US spot XRP funds pulled in $18.04 million on September 23.
Bitwise spearheaded the category with $11.54 million in inflows, complemented by $6.50 million from Franklin Templeton, lifting total net inflows across the sector to $1.748 billion.
This demonstrates that regulated investment vehicles keep drawing fresh capital even amid ongoing volatility in XRP.
Demand also seems to reach past traditional crypto traders.
Ryan Rasmussen, a research analyst at Bitwise, reported following a talk with about 400 wealth managers that XRP turned out to be “the most asked about throughout the presentation,” noting substantial overall interest.
An informal survey during the same event revealed that 60% of the participants plan to invest in crypto within the next year, though stated goals do not assure actual capital deployment.
Consequently, ETFs offer a fresh demand channel for XRP supporters. Even so, these funds act more like a cushion instead of an absolute price floor.
Daily inflows stay modest compared to the broader XRP spot market, where heavy selling can easily overshadow fund acquisitions.
The first danger sits near $1.43
Immediate vulnerabilities are technical in nature, given that XRP climbed into the $1.60–$1.65 zone this week before pulling back abruptly toward $1.48.
That aborted breakout shifts market focus away from higher price targets and back toward critical support levels.
As early as September 23, FXEmpire analyst Alejandro Arrieche cautioned that selling pressure was mounting once XRP crossed the $1.50 threshold.
“We could expect a retreat to $1.43 or so after such a strong rally,” Arrieche wrote, while keeping an optimistic outlook over the longer term.
Consequently, the $1.40–$1.43 band serves as the initial zone to monitor if XRP experiences renewed selling.
A more vital support cluster lies just underneath. Analyst Ali Martinez previously pointed out that $1.31–$1.35 is essential for keeping XRP’s bullish configuration intact, observing that a clear break above overhead resistance might clear a path toward $1.60.
A break below $1.35 would raise the stakes
A severely bearish outcome remains a possibility rather than a confirmed reality.
Yashu Gola, another analyst, flagged a potential double-top pattern near $1.55–$1.60 with a neckline positioned close to $1.285.
He mentioned that a firm daily close underneath that specific mark could validate the pattern and potentially drag XRP down toward a measured target of $1.
At present, XRP trades comfortably above that neckline, with Gola pointing out multiple moving averages positioned between roughly $1.28 and $1.40. These form a thick layer of support before any drastic downside targets come into play.
A successful push back above $1.60–$1.65 would largely invalidate the double-top theory.
This makes the $1.35 level crucial largely because of what sits beneath it. Should buyers successfully defend the $1.40–$1.43 range, Friday’s rebound can evolve into a sound consolidation phase.
Conversely, if that zone fails, market participants will likely turn their attention toward $1.35, followed closely by the $1.28–$1.31 region.
Frequently Asked Questions
How much did US spot XRP ETFs attract on September 23?
US spot XRP ETFs brought in $18.04 million on September 23, bringing cumulative net inflows to about $1.75 billion.
What is the immediate support level to watch if XRP drops?
The first critical support area to watch sits around $1.40–$1.43, with a more significant support cluster located between $1.31 and $1.35.
Why is the $1.35 level considered important for XRP?
The $1.35 level is critical because a decisive break below it—and the neckline near $1.285—could validate a bearish double-top pattern and expose the token to deeper declines.
What price resistance is currently blocking XRP’s upside?
XRP remains restricted below the $1.60–$1.65 area, which successfully rejected the recent rally earlier in the week.
