XRP ETF inflows and rising open interest signal a potential $1.55 breakout
XRP is trading above $1.43, up nearly 2% in the last 24 hours. This follows $12 million in inflows into US-listed XRP spot ETFs on Thursday, adding to $17 million in inflows the day before. Cumulative inflows now total $1.25 billion, with net assets under management averaging $1.02 billion. Open Interest in XRP derivatives has also risen to $2.67 billion from $2.58 billion the prior day. XRP is currently above the 50-day EMA (~$1.41) and the 50% Fibonacci retracement (~$1.3946), with technical indicators showing improving momentum. A daily close above $1.55 would mark the first time XRP recaptures the $1.80 resistance level since January 30. Failure to maintain $1.41 would see XRP retest $1.39, with further downside to $1.33 and $1.31.
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