The price of XRP is stabilizing near a key technical level even as institutional flows weaken, raising questions about the token’s next move.
The Ripple token (XRP) was trading around $1.41 on March 13, gaining roughly 2.4% on the day, according to data from Crypto.News. The token has been consolidating in a narrow range after declining from highs near $1.90 earlier this year, suggesting that the market is searching for a new directional catalyst.
Institutional sentiment appears to be softening. Data tracking XRP spot exchange-traded funds shows daily net outflows of about $6.08 million, while total net assets across these products remain close to $967 million.
The chart indicates that after several sessions of inflows earlier in March, ETF activity has turned negative with multiple red days in a row, signaling that some institutional investors may be reducing exposure or locking in profits following previous gains.
Despite the cooling ETF demand, XRP has managed to maintain support above the $1.40 level, an area that traders are closely watching as a potential pivot for the next move.
XRP price analysis
From a technical perspective, momentum indicators suggest that bearish pressure is gradually fading. The relative strength index (RSI) currently sits near 50, reflecting neutral momentum and a balance between buyers and sellers.
Meanwhile, the Awesome Oscillator has steadily climbed toward the zero line after spending several weeks in negative territory, a shift that typically indicates weakening downside momentum and the possibility of a trend reversal.
Additional support for market sentiment could come from developments around Ripple, which recently launched a $750 million share buyback program aimed at repurchasing shares from early investors and employees.
While the buyback does not directly affect XRP supply, it is often viewed by market participants as a sign of confidence in the broader ecosystem surrounding the token.
Technically, XRP faces immediate resistance near $1.45 to $1.50, a zone that has repeatedly capped recent rallies.
A decisive breakout above that level could open the path toward $1.60 and potentially $1.70, while failure to hold above $1.30–$1.35 could expose the token to renewed downside pressure.
