XRP held the $1.90 support level on Friday after U.S. spot XRP ETFs recorded $3.43 million in net inflows, signaling renewed institutional demand. The inflows followed XRP’s pullback from early-January highs, helping stabilize price action during volatile trading hours.
Data from SoSoValue shows all inflows were directed into the Bitwise XRP ETF, while other U.S.-listed spot XRP ETFs reported no activity. The timing of the inflows coincided with XRP testing a historically strong demand zone, suggesting buyers are absorbing recent selling pressure.
XRP Stays Around $1.90
On January 24, XRP traded sideways, around $1.91 on Binance for much of the trading session after dropping from a multi-week high. Sellers managed to push the price below a near-term support level. But they were unable to maintain enough downward momentum for the price to keep dropping.
Bitwise XRP ETF experienced a net inflow of $3.43 million. As a result, the total amount of funds that have flowed into the Bitwise XRP ETF since it began trading now stands at over $319 million. No flows were reported by other US-approved spot XRP ETFs, such as those from Franklin Templeton, 21Shares, and Grayscale.
The new institutional demand, coupled with XRP testing a clearly defined demand zone, has added to the conviction that buyers are entering at current prices as opposed to closing out of existing positions.
Source: SoSoValue
Also Read | XRP’s Explosive Rebound Potential in Q1, 2026
Traditional Demand Zone Still Exists
Historically, the area that the XRP price is currently in has been an area where prices have hit floors during previous corrections. BullishBanter via X published a post showing how XRP price traded lower than it had previously to generate new liquidity and then rose back up to about $1.90.
He stated that the short-term price structure has turned bullish. Also, price will likely move up to a potential fair value gap at the top end of the market, provided this base continues to hold.
However, there is still some immediate resistance just below $2.00, the zone that has prevented previous attempts to move higher. If there is a sustained move above $2.00, it would add credence to the idea that the recent decline was simply corrective and not a reflection of a shift in trend.
A Continued Consolidation
Momentum indicators also suggest that XRP is consolidating at the moment. The RSI on the 4-hour chart is currently ranging between 40 and 42, a common range when the price of an asset is experiencing a pullback as opposed to a reversal.
The pullback corresponded to a reduction in trading volume relative to that experienced during the early part of the rally. Therefore, this reduction in volume, combined with continued inflows into spot ETFs, indicates that the selling pressure is being absorbed.
Short-Term Targets Remain Between $2.30-$2.45
The 4-hour chart is showing visible fair-value gaps at the same time as Fibonacci retracement levels when drawn from the most recent swing high. A large target zone in the $2.30-$2.45 range has been created by these retracement levels.
XRP continues to trade above the demand zone ($1.85-$1.90). If it continues, both the technical price structure and ETF flow data point to the $2.30-$2.45 range as its next target.
Source: TradingView
Why This Is Important
Spot ETFs continue to show strong inflow, while demand also shows strength. Both suggest an increased the likelihood of a short-term rebound into the target zone of $2.30-$2.45.
Also Read | XRP ETF Inflows Rise as Analysts Reassess Long-Term Structure
