XRP Slams Brakes on Trump's Comment…But Money Keeps Flowing In

▲ Ripple (XRP) ©Go Dasol

As Middle East tensions escalated again, XRP failed to break past $1.50 and pulled back. However, analysis suggests that institutional fund inflows and an increase in futures open interest still indicate a risk-on sentiment remaining in the market.

According to FXStreet, an investment media outlet, on May 11 (local time), XRP (Ripple) retreated from its high near $1.50 and is testing the $1.45 support level. The market had recently reflected expectations for a ceasefire between the US and Iran, but investor sentiment was sharply shaken when US President Donald Trump dismissed Iran's revised peace proposal as "completely unacceptable."

According to a CNN report, Iran presented a revised proposal that included guarantees of sovereignty over the Strait of Hormuz and compensation for war damages. In response, Esmail Baghaei, spokesperson for the Iranian Foreign Ministry, countered that the proposal was "a reasonable and generous offer for Iran's national interests, regional stability, and global stability." The media reported that the re-escalation of Middle East risks is causing fatigue across the cryptocurrency market.

Nevertheless, fund flows into XRP-related investment products remained robust. According to CoinShares data, approximately $40 million flowed into XRP-related digital investment products last week. Of this, the inflow into XRP spot ETFs was about $34 million. Cumulative XRP ETF inflows currently total $1.32 billion, with total assets under management (AUM) averaging around $1.12 billion.

Individual investor demand also appears to be sustained. According to CoinGlass data, XRP futures open interest increased to $2.87 billion from $2.65 billion the previous day. The media analyzed that the expansion of open interest reflects investor confidence in the continued rebound of XRP.

Technically, the short-term upward structure is still maintained. XRP is trading above the 50, 100, and 200 exponential moving averages (EMAs) of $1.42-$1.40 on the 4-hour chart. The Relative Strength Index (RSI) remained in the upper 50s, indicating a moderate bullish trend, but the Moving Average Convergence Divergence (MACD) histogram suggested that upward momentum is slowing. The media diagnosed that if the $1.50 double-top resistance is broken, further upside potential could open up, but in case of a decline, defending the $1.42 and $1.40 support levels is key.

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