Ripple holds above critical threshold as risk-on sentiment expands

Ripple ($XRP) is trading at $1.44 at the time of writing on Friday, its upside seemingly capped by its weekly peak around $1.47. Still, the overall tone remains bullish as the remittance token holds above key support levels at $1.40 and $1.30.

$XRP buoyant amid renewed retail and institutional demand

The $XRP derivatives market is gaining traction as Open Interest (OI), reflecting the notional value of outstanding futures and options contracts, increased to to $2.71 billion on Friday from $2.58 billion the previous day.

On Monday, the OI averaged $2.38 billion, underscoring growing risk appetite and retail capital influx. $XRP requires a highly concentrated retail market to sustain short to medium-term gains.

$XRP spot Exchange-Traded Funds (ETFs) also uphold a positive outlook, evidenced by the $11.87 million in inflows on Thursday. SoSoValue data shows that US-listed $XRP spot ETFs have maintained a bullish streak for five consecutive days, bringing cumulative inflows to $1.26 billion and net assets under management to $1.08 billion.

Technical outlook: $XRP rebound takes a breather as support holds

$XRP trades at $1.44 while holding above the 50-day Exponential Moving Average (EMA), providing support at $1.41. The overall technical outlook hints at a constructive short-term tone, yet it remains well below the 100-day EMA near $1.55 and the 200-day EMA at $1.82, both of which keep the broader recovery capped.

Meanwhile, momentum remains supportive, with the Relative Strength Index (RSI hovering just below overbought territory near 61 on the daily chart and the Moving Average Convergence Divergence (MACD) line holding above zero with a positive histogram. This suggests that buyers retain control despite supply overhead.

On the topside, $XRP's initial resistance lies at the 100-day EMA around $1.55. Reclaiming that moving average as support would open the way toward the more significant 200-day EMA near $1.82. On the downside, immediate trader focus is on the $1.44–$1.45 area around the current price, with the 50-day EMA at $1.41 providing the first notable support. A break below the same area would likely expose a deeper pullback toward the weekly open at $1.32.

(The technical analysis of this story was written with the help of an AI tool.)