XRP Rebounds to $1.31 as ETF Outflows Ease and On-Chain Volume Spikes
XRP rose to $1.31 after spot ETF outflows that had persisted for 13 weeks came to an end, with exchange reserves reaching 11.81 billion tokens. On-chain volume on the XRP Ledger spiked as the price stabilized above the $1.25 support level, prompting some analysts to call a potential bottom.
Written by CoinArticle’s AI Newsroom · from 2 cited sources. How we work
Price Recovery and Exchange Flows
XRP climbed to $1.31, reversing losses tied to a 13-week streak of spot ETF outflows that recently ended. According to Crypto.news, spot XRP ETFs saw $1.84 million in outflows during the period tracked, while exchange reserves grew to 11.81 billion XRP—a metric often watched as a signal of seller pressure or accumulation patterns.
The price action came as XRP held above the $1.25 support level. Analysts cited this floor as a key technical marker; a break below it could open further downside, while sustained support suggested demand remained present at lower levels.
On-Chain Activity and Price Targets
XRP Ledger volume increased noticeably during the recent dip, according to CryptoPotato, suggesting strong demand met selling pressure near $1.25. The spike in on-chain activity coincided with the price recovery and prompted some market observers to characterize the move as a potential capitulation bottom.
Analysts quoted by CryptoPotato began citing higher price targets, with some monitoring $2 as a near-term resistance and others projecting a longer-term range of $7 to $9. No specific methodology or timeline was provided for these projections, and they remain speculative sentiment rather than consensus forecasts.
Why It Matters
For Traders
XRP holding $1.25 support may trigger technical reversal plays, but the $1.31 level remains untested as resistance; watch for intraday breaks in either direction over the next 48 hours.
For Investors
ETF outflow reversal and on-chain volume recovery suggest near-term demand stabilization, though multi-month trend remains unclear without broader market context.
For Builders
Spikes in XRPL volume may reflect increased usage or trading activity; monitor transaction throughput and transaction costs to assess whether network utility is actually expanding.
This article is for information only and is not financial advice. Read the full disclaimer.
