Ripple (XRP) is trading near $1.30 at the time of writing on Thursday, as Iran war-induced sentiment continues to weigh on risk assets. XRP’s attempt to regain momentum this week stalled near $1.37 on Monday, reflecting risk-off sentiment among digital investment products with capital flowing out.
XRP falters as on-chain activity, institutional interest wanes
The number of active addresses transacting on the
The CryptoQuant chart below shows that aside from a few isolated spikes in active addresses, demand for XRP has remained low since the beginning of February. Without steady user engagement, purchasing pressure wanes, momentum weakens.
Interest in XRP exchange-traded funds (ETFs) has waned further, as evidenced by light withdrawals of $1.32 million on Wednesday after slow activity on Tuesday. The XRP ETF also recorded outflows of nearly $2.3 million on Monday, reducing risk appetite.
If the outflows continue, they would suggest sentiment is worsening, limiting XRP’s potential recovery.
Technical Outlook: XRP selloff risks a move below $1.30
XRP fell near $1.30 amid a major near-term bearish bias, as the price extended its slide below the descending resistance trend line. The remittance token is below the 50-day exponential moving average (EMA) near $1.44. Additionally, the 100-day and 200-day EMAs near $1.61 and $1.89 remain well above spot, reinforcing a broader downside context.
The Moving Average Convergence Divergence (MACD) indicator is below its signal line on the daily chart and has slipped into negative territory, with mildly extended bearish histogram bars, indicating that selling pressure persists. Furthermore, the Relative Strength Index (RSI) near 38 remains below the 50 mark on the same chart, suggesting weak momentum rather than oversold conditions.
XRP’s immediate support lies at the recent low at $1.30, and a decisive break below this area would expose the next downside levels at $1.27 and then $1.25. At the top, initial resistance aligns with the previous breakdown zone near $1.36, where recent candles stopped, followed by the $1.41-$1.42 band. A recovery above $1.42 would be needed to ease the current bearish pressure and move back towards the 50-day EMA around $1.44, where a dense resistance zone is expected to limit first attempts further.
(The technical analysis for this story was written with the help of AI tools.)
