XRP (XRP) is testing the upper boundary of a months-long falling wedge on its weekly chart, while renewed inflows into US spot XRP exchange-traded funds add a potential fundamental tailwind.
The token was trading near $1.13 on July 22 after rebounding from around $1.02. XRP briefly reached $1.16 during the week, bringing it closer to the wedge’s descending resistance trendline.
However, the bullish reversal setup remains unconfirmed while the price stays inside the pattern.
XRP Breakout Needs Weekly Confirmation
A falling wedge forms when price declines between two descending, converging trendlines. Technical analysts generally view it as a potential bullish reversal pattern, though confirmation requires a decisive close above resistance.
For XRP, the breakout zone appears near $1.16–$1.20.
A weekly close above this range could signal weakening selling pressure. The next resistance areas sit near the 200-week exponential moving average at $1.38 and the 50-week EMA around $1.61.
The wedge’s maximum height produces a theoretical target near $2.18, roughly 90% above current prices. However, this represents a technical projection rather than a price forecast. XRP would still need to reclaim both moving averages and overcome intermediate resistance.
XRP’s weekly relative strength index has recovered to approximately 36 after approaching oversold territory near 30. It has also crossed above its smoothing line, indicating that bearish momentum may be slowing.
Still, the RSI remains below 50, showing that broader momentum continues to favor sellers.
On the downside, wedge support sits near $0.98–$1.02. A weekly close below $0.95 would weaken the setup and expose the $0.85–$0.90 area.
XRP ETFs Record Fresh Capital Inflows
US spot XRP ETFs recorded approximately $5.66 million in daily net inflows, according to SoSoValue data. Their combined net assets stood near $1.06 billion while XRP traded around $1.16.
The latest inflow extends a period of mostly positive, though modest, ETF demand following several larger subscriptions during late 2025. Recent daily inflows remain considerably below the roughly $100 million–$240 million spikes recorded shortly after the products launched.
Still, continued positive flows indicate that regulated investment vehicles are absorbing some XRP supply despite the token’s broader price decline. Persistent inflows could support market liquidity, although ETF demand alone does not confirm that XRP’s technical downtrend has ended.