XRP Falls Toward $1.32 Support as ETF Inflows Slow Sharply
XRP declined nearly 7% over seven days, testing support at $1.32 after failing to clear $1.60 resistance. ETF inflows have collapsed to $4 million in October so far, down from $121.4 million in September, signaling weakened institutional demand.
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Price Action and Technical Levels
XRP fell to test the $1.32 support level over the past week, extending its seven-day decline to nearly 7%. The token failed to clear resistance at $1.60, triggering the sell-off, according to CoinJournal. One source reported inflows of $3.14 million to XRP spot ETFs, while another cited a cumulative $4 million in October flows, suggesting continued but modest institutional buying interest despite the price weakness.
Divergence Between ETF Demand and On-Chain Activity
ETF inflows have contracted sharply. September saw $121.4 million flow into XRP spot ETFs, but October inflows have totaled only $4 million as of the reporting period—a 97% decline month-over-month. Daily trading volume remains substantial at approximately $3 billion, equivalent to nearly 4% of XRP's circulating market capitalization, indicating retail activity is holding even as institutional buying has dried up.
Technical Headwinds and Catalyst Watch
Traders are monitoring bearish technical signals alongside key developments including XRPL (XRP Ledger) upgrades and XRPN trading activity. The combination of failed resistance, collapsing ETF demand, and deteriorating momentum suggests price stability near current support levels remains uncertain without a positive catalyst.
Why It Matters
For Traders
XRP is testing major support at $1.32; a break below could accelerate selling, while a hold may signal reversal—watch the next 24-48 hours closely.
For Investors
Sharp ETF inflow collapse suggests institutional conviction has waned; any recovery will require new demand drivers beyond technical bounces.
For Builders
XRPL upgrades and developer activity remain on track independent of price action, though diminished capital inflows may slow ecosystem funding rounds.
This article is for information only and is not financial advice. Read the full disclaimer.
