XRP Price Faces a Showdown: Bullish Charts vs Slowing ETF Flows

XRP is holding steady above the $1.13 mark after a mild pullback. Traders are watching a cup and handle pattern on the charts, which often signals that a breakout could be coming. Because selling volume has thinned out during this recent dip, it appears that investors are pausing rather than panicking, keeping the potential for a rally alive for now.

Despite the positive chart structure, warning signs are appearing in the institutional data. Monthly inflows for XRP spot ETFs have dropped significantly since peaking in May. After reaching over $131 million in May, inflows slowed to under $60 million in June, and July has seen only about $12 million in new investment so far. This cooling interest suggests that the big money behind these funds might be taking a cautious approach.

On chain data adds another layer to this story. The net position change for long term holders has started to decline, a metric that has previously tracked alongside price dips. When these holders start to trim their positions, the market often experiences downward pressure.

Looking ahead, $1.15 is the immediate hurdle to watch. If the price can break through this level, it may open a path toward $1.21. However, if the price drops below $1.13, the coin could test support at $1.09. Traders should wait for a clear daily close above $1.15 before assuming the technical pattern has fully played out.