XRP price storms past $1.10 as traders pile back into leveraged bets

Ripple's XRP is currently in the green following days of consolidating price action.

The coin has surged past the $1.1 resistance level thanks to rising derivatives activity and US spot XRP exchange-traded fund (ETF) inflows.

The technical indicators suggest buyers have the upper hand, with the bulls targeting key resistance levels in the near term.

XRP futures activity and ETF inflows show improving investor interest

Demand in XRP's derivatives market has gradually strengthened over the past week.

Data from CoinGlass shows perpetual futures Open Interest (OI) has declined by 6% in the last 24 hours and now reads $2.43 billion.

Despite the recent decline, the trend has been building steadily, with average Open Interest standing at $2.11 billion since July 7, reflecting growing participation from traders willing to take on additional market exposure.

Institutional sentiment also improved modestly as US spot XRP ETFs returned to positive territory.

According to CoinGlass’s ETF page, the funds attracted nearly $2.5 million in inflows on Monday.

The funds are building on the $7 million in net inflows last week, reversing approximately $7 million in net outflows recorded during the previous week.

The latest inflows pushed cumulative net investments in US-listed XRP ETFs to $1.49 billion, while total net assets remained close to $991 million.

Although the return of positive flows is encouraging, sustained institutional demand will likely be required to offset selling pressure in the spot market and support a stronger price recovery.

Analysts believe that the broader macroeconomic backdrop continues to present mixed signals for risk assets.

However, the easing US inflation has reduced concerns about an extended period of restrictive monetary policy, a development that generally benefits liquidity-sensitive assets such as cryptocurrencies.

XRP price outlook: Key moving averages continue to cap upside

XRP is currently trading at $1.12, up by nearly 3% in the last 24 hours, reclaiming a bullish outlook in the near term. 

However, XRP continues to trade below the 50-day Exponential Moving Average (EMA) near $1.15, the 100-day EMA around $1.24, and the 200-day EMA close to $1.45.

Together, these moving averages form a significant overhead resistance zone that bulls have yet to overcome.

Momentum indicators paint a bullish picture. The Moving Average Convergence Divergence (MACD) histogram remains slightly positive, suggesting underlying buying interest is slowly growing.

Furthermore, the Relative Strength Index (RSI) sits above 50, indicating growing buying momentum in the near term.

If the bullish trend persists, XRP must first clear resistance at the 50-day EMA near $1.15, followed by additional barriers at $1.24 and $1.45.

A decisive break above these levels would strengthen the bullish outlook.

However, if the sellers regain control of the market, immediate support is provided by the recent weekly low of $1.06. 

A daily close below this level could accelerate selling pressure and expose XRP to deeper losses, while holding above it may allow the token to consolidate before making another attempt to challenge its key moving average resistance levels.