XRP Hits Technical Resistance as Institutional Interest Cools

XRP has seen a modest climb lately, moving from $1.11 to roughly $1.14. The asset recently attempted to push past resistance near $1.16, but struggled to hold that ground. If the price can clear this barrier with strong volume, it could target $1.32. Otherwise, traders may take profits, potentially pushing the price back toward support levels near $1.12.

Institutional interest has provided a tailwind, with nine straight weeks of net inflows totaling $17.2 million. However, the pace of these inflows has slowed down significantly to $12 million in the most recent week. While demand remains positive, the cooling speed suggests that big investors are becoming more cautious. Market participants will be looking for a fresh surge in volume to confirm that the current price levels have long term support.

Regulatory updates remain a major factor for the future of XRP. Clarity from U.S. officials could boost sentiment and help the price break past the $1.18 mark. Until more news arrives, many analysts expect the token to trade in a tight range between $1.12 and $1.18. A drop below $1.12 on high volume would be a bearish signal, potentially opening the path for a decline toward $1.05.