Addresses in Profit Rose 65%... XRP 'Hesitates' at $1.5 Wall

▲ XRP

XRP's rebound momentum slowed as it retreated from the $1.50 supply zone, but the ratio of addresses in profit and indicators of institutional and retail fund inflows simultaneously pointed to a recovery in market risk appetite.

According to FXStreet on May 15 (local time), XRP was pressured below the $1.50 supply zone on Friday, testing the $1.45 short-term support level. Although the U.S. Senate Banking Committee advanced the U.S. crypto market structure bill for the digital asset market in 2025, setting a major milestone for digital asset regulation, investor sentiment showed limited movement due to a lack of confidence in the overall cryptocurrency market recovery.

According to Glassnode data, the percentage of XRP addresses in an unrealized profit state rebounded from 63% the previous day to approximately 65% on Thursday. FXStreet reported that this increase coincided with XRP's test of the $1.50 resistance, signaling heightened risk appetite among market participants. However, it noted that investors might engage in profit-taking, which could increase price pressure in a weakened technical environment.

Institutional fund flows also recovered. Approximately $19 million newly flowed into XRP spot ETFs on Thursday, following a temporary stagnation the previous day. Cumulative inflows increased from $1.36 billion to $1.37 billion, and average net assets rose from $1.14 billion to $1.25 billion.

Retail investor participation in derivatives also strengthened. According to CoinGlass, XRP futures open interest expanded from $2.9 billion the previous day to an average of $3.09 billion on Thursday. FXStreet explained that the increase in open interest reflects improved risk appetite and traders' confidence in XRP's potential for further upside.

Technically, XRP remained above its 50-day exponential moving average (EMA) of $1.42, but its upside was capped below the 100-day EMA of $1.49 and the 200-day EMA of $1.70. The Relative Strength Index (RSI) on the daily chart was 52, and the Moving Average Convergence Divergence (MACD) histogram showed a slight positive. FXStreet analyzed that this configuration indicates limited directionality rather than a strong trend.

On the downside, the area around the 50-day EMA at $1.42 was presented as immediate support, and the vicinity of $1.39, where the uptrend line passes, was mentioned as a more crucial defense line. If the daily closing price forms below this range, the risk of further decline could increase. On the upside, the 100-day EMA at $1.49 was presented as the first resistance level, and FXStreet stated that a sustained break above this level would be necessary for a recovery attempt towards the 200-day EMA at $1.70.

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