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XRP ETF inflows hit $1.44B as support holds
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XRP ETF inflows hit $1.44B as support holds

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XRP remained above the US$1.10 level during the past 24 hours as institutional inflows continued, although the token underperformed Bitcoin and much of the broader cryptocurrency market.

XRP-linked investment products attracted a further US$6.75 million in inflows, taking cumulative ETF inflows to approximately US$1.44 billion as institutional interest remained resilient despite recent price weakness.

The token rose about 1% to US$1.1141 after recovering from lows near US$1.11, with heavy late-session trading briefly pushing XRP above US$1.12 before momentum faded.

Futures trading volume climbed to roughly US$5 billion, although open interest remained near cycle lows, indicating traders are actively repositioning rather than building strong long-term conviction.

The upcoming XRP Ledger version 3.2.0 upgrade on June 15 is expected to reduce server memory requirements by around 40% while rebranding the network’s core software from “rippled” to “xrpld”.

Despite signs of stabilisation, XRP remains below its 50-day, 100-day and 200-day moving averages, leaving the broader technical structure tilted in favour of sellers.

Traders are closely watching support between US$1.05 and US$1.10 and resistance between US$1.12 and US$1.1352, while a move above US$1.26 would significantly improve the chart outlook and shift focus towards the US$1.30-US$1.40 range.

At the time of reporting, XRP price was $1.11.

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