XRP exchange-traded funds (ETFs) have recorded net inflows for seven consecutive weeks, establishing themselves as a key source of institutional support. Since their launch, these funds have not experienced a single day of outflows. On the trading day before Christmas alone, the ETFs attracted $11.93 million in positive flows, signaling sustained institutional demand.
However, this consistent inflow has failed to translate into a price recovery for the XRP token. The asset remains locked in a sustained downtrend, trading near $1.86 with $1.85 acting as immediate support after multiple failed rebound attempts. On-chain metrics reveal rising unrealized losses, with the Net Unrealized Profit and Loss (NUPL) indicator falling to a yearly low. This pushes investors who bought above $1.86 into negative territory, increasing the risk of selling pressure from long-term holders.
Technical analysis paints a bearish picture across multiple timeframes. Analysts note that XRP has broken major support levels at $2.50 and $1.90 since its April 2025 highs near $3.30, with these levels now acting as resistance. The price remains capped below a descending trendline that has been in place for over six weeks. Muted trading volume throughout the decline signals weak dip-buying interest and raises the risk of further downside.
Analysts warn of specific downside targets if key supports fail. A break below the $1.85 support could open the door for a move toward $1.79 or even $1.70. More bearish projections suggest that a loss of the $1.90 level could lead to targets of $1.45 and potentially $1.10. On the monthly chart, the price is hovering near a critical "trend ribbon," a level whose loss in 2018 and 2022 preceded drawdowns exceeding 50%.
For any bullish reversal, analysts identify key resistance levels overhead at $1.98, $2.58, $3.07, and $3.66. A reclaim of $1.98 is cited as the first necessary step for a momentum shift, which could then target $2.58. The $2.00 level is noted as a key psychological barrier.
