XRP has staged a rapid rebound, climbing from about $0.99 on August 17 to around $1.50 by August 23, a gain of roughly 50% that added more than $30 billion to its market capitalization in under a week. As of August 24, the token was trading near $1.48, and on August 25 it held the $1.50 area with an intraday range of $1.46 to $1.54.
Despite the surge, a significant portion of the XRP community on Reddit has warned that the move could be a bull trap, pointing to unchanged macroeconomic conditions. The rally has also brought technical caution: the daily RSI is in overbought territory, and XRP is sandwiched between the EMA20 and EMA50, a setup that often precedes consolidation rather than continuation.
Institutional flows have strengthened alongside price action. Spot XRP ETFs recorded $39.78 million in net inflows last week, the strongest weekly total since mid-May. Cumulative net inflows have now reached approximately $1.55 billion. This marks a sharp reversal from the week ending August 8, when weekly inflows had collapsed to just $1.01 million. The pick-up coincided closely with XRP’s breakout above $1.20, suggesting institutional demand has returned as the token rallied.
Traders are now watching $1.51 as immediate resistance, with $1.60 and the recent high near $1.70 as the next upside levels. On the downside, $1.45 is the key support; a break below could open the door to $1.36 and, in a more bearish scenario, a retest of the $1.00 floor. If ETF inflows remain consistent, XRP could push through resistance, but if flows stall and RSI unwinds, consolidation or a deeper pullback may follow.
