XRP holds support at $1.86 as Bitcoin stagnates and ETF demand remains strong
Bitcoin lost its spark during US trading hours. This kept the whole crypto market in a tight spot. XRP followed that lead and stayed around 1.86 dollars. Demand for spot ETFs is still very strong. This suggests big buyers are taking up the supply at these levels.
The coin is stuck between 1.85 and 1.91 dollars. Sellers are pushing back hard at 1.90 dollars. Buyers step in every time the price hits 1.86 dollars. Even with more money coming in, the price is not jumping.
XRP ETF assets grew to 1.25 billion dollars. New data shows 8 million dollars flowed in recently. Big firms like using these funds. They find it easier than buying on a regular exchange. It is a steady way for them to hold the asset without extra stress.
The rest of the crypto market is moving sideways. Bitcoin is not showing much strength lately. This makes traders cautious about taking risks. XRP is balancing between steady buying and active selling pressure.
Trading volume spiked to 75 million during the busy hours. This was much higher than the daily average. Most of this happened as the price tried to go higher. It means plenty of people are ready to sell when the price rises.
Technical signs show the market is still waiting. XRP is trading below its long term average. Only 12 days in the last month ended with a gain. Most people are feeling fearful right now. The market index shows high levels of worry among traders.
If the price drops below 1.86 dollars, it could sink to 1.77 dollars. If it breaks above 1.88 dollars, it might test 1.91 dollars again. A push to 2 dollars would take a lot of work. For now, the price stays in a small box. Institutional buying helps stop a crash, but it is not enough for a rally yet. Watch for a break in either direction to see where the market goes next.