XRP Rebound Stalls…Will Direction Diverge at $1.43?

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As XRP (Ripple) loses momentum around $1.43, weakening its rebound potential, an analysis suggests that slowing institutional and retail demand are simultaneously weighing down the price.

According to investment media FXStreet on April 24 (local time), XRP has been trading sideways around the $1.43 mark after pulling back from its weekly high of $1.46, with upward momentum slowing amid a general risk-off sentiment in the market.

Notably, weakened demand from individual investors in the derivatives market is acting as a burden. XRP futures open interest has stagnated at approximately $2.57 billion, a decrease from the monthly high of $2.8 billion. This indicates insufficient buying pressure and is cited as a factor limiting a short-term rebound.

Institutional demand has also significantly slowed. XRP spot ETF inflows amounted to only about $9.3 million this week, a substantial decrease from $55.39 million the previous week. However, cumulative inflows remain around $1.28 billion, and total net assets are approximately $1.08 billion. The market expects sustained institutional capital inflows to be a key variable for a recovery trend.

Technically, short-term support is maintained, but a structural bearish trend remains valid. XRP is trading above the 50-day exponential moving average (EMA) of $1.41, receiving downward support, but clear upward resistance persists as it stays below the 100-day EMA of $1.53 and the 200-day EMA of $1.78.

Momentum indicators show mixed signals. The Moving Average Convergence Divergence (MACD) remains in positive territory, and the Relative Strength Index (RSI) is at 56, indicating a neutral trend. However, the Money Flow Index (MFI) has risen to 74, nearing the overbought zone, which also raises the possibility of a short-term correction. In the short term, breaking above $1.48 and $1.53 is a critical turning point for a rebound, while maintaining support at $1.41 and $1.39 on the downside is crucial, according to analysis.

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