Frustration despite $25 million inflow…Why XRP's rise is blocked

▲ XRP/AI-generated image ©

Despite capital inflows, XRP (Ripple) continues a frustrating trend of limited upward momentum, indicating it has the strength to rise but lacks the power to break through.

According to investment media FXStreet on April 27 (local time), XRP is receiving short-term support around $1.41 amidst continuous selling pressure but its upward potential is limited, being blocked by resistance levels at $1.53 and $1.78.

Overall market risk appetite is improving. Investor sentiment is gradually recovering as expectations for US-Iran peace talks re-emerge, and the Crypto Fear & Greed Index also rose from 33 to 47 the previous day, moving out of the extreme fear phase.

However, unlike institutional capital inflows, individual investor participation remains limited. XRP-related digital investment products saw an inflow of $25 million last week, expanding assets under management to approximately $2.58 billion. However, open interest in the futures market remained around $2.55 billion, significantly lower than the past peak of $10.94 billion, indicating a lack of market conviction.

Technically, bullish signals are also limited. XRP is holding above the 50-day exponential moving average of $1.42, but it remains below the downtrend line and the 100-day and 200-day moving averages, maintaining a structurally bearish trend. The Relative Strength Index remains neutral at 52, and the Moving Average Convergence Divergence (MACD) also shows slowing upward momentum.

Ultimately, XRP is in a phase of searching for direction between downside support and upside resistance. If the $1.42 support level breaks, there is a possibility of a further drop to $1.31; conversely, it is analyzed that a retest of $1.53 is only possible if the $1.43 resistance is breached.

*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.*