XRP (XRP) Surges Past $1.10 as Retail Traders Return Despite $7B ETF Withdrawals

Key Highlights

• XRP surged past $1.10 resistance during late trading hours, gaining 1.8% to reach $1.1065
• Futures Open Interest remains stable at 2.14 billion XRP, increasing from Tuesday’s 2.09 billion
• The token continues trading beneath its 50, 100, and 200-day exponential moving averages, maintaining short-term bearish pressure
• Institutional investors show hesitation as XRP spot ETFs recorded approximately $7 billion in withdrawals on Wednesday
• Critical price zones: $1.10 acting as support, while $1.1065 and $1.13 present resistance barriers

XRP posted a 1.8% gain on Thursday, escaping a narrow consolidation zone and pushing through the $1.10 threshold on elevated trading activity. The digital asset ranged from an intraday bottom of $1.0827 to a peak of $1.1065, subsequently settling within the $1.1020 to $1.1040 corridor.

The decisive upward movement occurred near 01:00 UTC, when trading volume spiked to 43.51 million XRP—approximately 88% higher than the 24-hour average. An additional surge during the following hour saw 14.17 million XRP change hands, propelling the price from $1.0958 to $1.1052 before sellers emerged to cap gains.

Market analyst Celal Kucuker offered perspective on XRP’s trajectory via X, stating: “Two years ago, XRP rallied over 500% in just one month. Now people say $7 by year-end is impossible… yet there are still 6 months left.” This commentary captures the renewed optimism circulating among retail market participants regarding XRP’s historical performance patterns.

Retail Participation Shows Gradual Increase

Current perpetual futures Open Interest stands at 2.14 billion XRP, marking an uptick from Tuesday’s level of 2.09 billion, based on CoinGlass tracking. This incremental growth indicates retail traders are slowly re-entering the market.

Meanwhile, institutional appetite remains subdued. Spot XRP exchange-traded funds witnessed substantial withdrawals totaling roughly $7 billion on Wednesday, continuing a trend of modest flow activity throughout the week.

Broader market sentiment faced headwinds from escalating geopolitical tensions. US forces conducted strikes against 90 targets situated along Iran’s coastline on Wednesday. Iran’s Revolutionary Guard retaliated with counterattacks on American bases located in Kuwait and Bahrain. Qatar’s Prime Minister called for diplomatic resolution between the parties.

Technical Levels Under Scrutiny

XRP continues positioning below critical exponential moving averages: the 50-day EMA at $1.17, the 100-day EMA at $1.28, and the 200-day EMA at $1.49. This cluster of moving averages represents significant overhead resistance.

Technical analysts remain divided on future direction. Several point to Elliott Wave projections placing targets between $1.19 and $1.23. Others warn that dropping below $1.09 could trigger tests of deeper support areas.

The Relative Strength Index hovers around 45, positioned beneath neutral territory. The MACD histogram displays a slight bullish divergence, hinting at a possible near-term recovery phase.

Throughout Thursday’s trading session, XRP maintained a pattern of ascending lows, with demand materializing around $1.0880 during retracements. The sustained price action above $1.10 following the breakout is viewed favorably by market observers.

Immediate resistance zones include $1.1065, followed by $1.11, and $1.13 should bullish momentum persist.

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