Is XRP a failure? Why it's stuck at $1.40

▲ Ripple (XRP) ©CoinReaders

Despite strong demand, XRP has failed to break past the $1.40 barrier, leading to a short-term debate about it being a 'failed asset'.

According to crypto media outlet Watcher.Guru on April 19 (local time), XRP (Ripple) has repeatedly tested the $1.40 resistance level but failed to break through, currently consolidating at around $1.35. Despite favorable conditions such as ETF fund inflows and the recovery of open interest, the limited price reaction is raising questions in the market.

In fact, XRP spot ETF funds have recorded net inflows for three consecutive days recently. According to CoinGlass, $10.9 million flowed in on Tuesday and $1.46 million on Monday, with cumulative inflows reaching $1.23 billion. The assets under management also averaged around $966 million, confirming institutional fund inflows, but the $1.40 resistance level remains firmly in place.

However, looking at the trend, the limitations are clear. Unlike the $1 billion inflow in just four weeks immediately after the ETF launch in November 2025, it turned into a net outflow of approximately $130 million in March thereafter, breaking the upward momentum. This is pointed out as the key reason why the current price has remained below $1.40 for an extended period.

The derivatives market also shows signs of recovery, but the intensity is weak. Futures open interest increased from $2.38 billion to $2.47 billion, but it is still low compared to the peak of $10.94 billion in July 2025. Although some retail investor funds are returning, it is considered insufficient to replicate past bull markets.

Technical trends are also a burden. The 50-day EMA at $1.41, 100-day EMA at $1.56, and 200-day EMA at $1.81 are all acting as overhead resistance, while the Relative Strength Index (RSI) is neutral at 51, and the Moving Average Convergence Divergence (MACD) shows only a weak bullish signal. In the short term, a breakthrough above $1.41 could open the way to $1.56 and $1.73, but if resistance holds, a retest of $1.32 is a possibility. The market views the passage of the US cryptocurrency market structure bill, the CLARITY Act, as a key variable.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*