XRP traded at $1.41 on Friday, down 0.93% in 24 hours, as a prominent analyst maintained a short-term technical outlook calling for a potential pullback to the $1.15–$1.20 support zone before a recovery toward $1.65. U.S. spot XRP exchange-traded funds recorded a third consecutive session of positive net inflows, with $18.47 million flowing in on August 27. The cumulative net inflows stand at $1.64 billion, while total net assets reached $1.49 billion. Technical indicators show XRP trading above all key exponential moving averages, though a shrinking MACD histogram suggests bullish momentum may be easing.
XRP traded at $1.41 on Friday, reflecting a 0.93% decline over the past day. The 24-hour trading volume stood at $3.43 billion, with a market capitalization of $88.66 billion, according to CoinMarketCap.
Over the last week, the XRP price increased by 2.65%. The coin remains above its 20-day, 50-day, 100-day, and 200-day exponential moving averages.
Popular analyst Egrag Crypto noted that his unchanged short-term tracker identifies $1.15–$1.20 as a major structural retest zone. He described it as “a logical level for buyers to defend.”
His projected route starts near $1.40 and includes a gradual move toward $1.15–$1.20, followed by a recovery attempt toward the $1.63–$1.65 range. A full weekly body close above $1.65 would change the market structure, with $1.80 becoming the next major upside checkpoint.
According to TradingView, the 20-day EMA stands at $1.27480 and the 50-day EMA at $1.18408. Both remain below the current market price.
The MACD line stands at 0.10732, above the signal line at 0.07824. The histogram remains positive at 0.02908, though shrinking bars indicate that bullish momentum may be easing.
Data from SoSoValue showed the daily net inflow for U.S. spot XRP ETFs on August 27 was $18.47 million. Cumulative net inflows reached $1.64 billion, with total net assets at $1.49 billion.
The ETFs registered a daily traded value of $85.90 million. Inflows on August 26 totaled $28.14 million, and on August 25 they reached $23.87 million, marking three consecutive days of positive net inflows.
