Ripple (XRP) is trading just above $1.40 on Tuesday, showing gradual momentum despite continued macro uncertainty.
This currency, along with the broader cryptocurrency market, has remained resilient even as tensions in the Middle East continue and the US-Iran ceasefire faces renewed pressure.
Risk appetite has stabilized in recent weeks, with the cryptocurrency Fear and Greed Index rising to 50 from 40 the previous day, reflecting a shift toward a more neutral sentiment.
ETF flows indicate cautious optimism
Investor interest in XRP spot ETFs remains mixed but constructive. US listed products recorded modest inflows of $3.87 million on Monday Following the weak activity at the end of last week, indicating a cautiously bullish outlook in the short to medium term.
Cumulative flows now stand at $1.29 billion, and total assets under management reach $1.07 billion. Continued demand for ETFs remains a key pillar of maintaining positive sentiment and supporting the broader upside.
In the derivatives market, momentum remains weak. Open interest (OI) in XRP Perpetual futures rose slightly to $2.60 billion from $2.50 billion the previous day.
However, this is still well below the peak of $10.94 billion seen in July, when XRP reached an all-time high of $3.66. This difference highlights the importance of stronger participation in the retail sector for a more pronounced rise.
Technical Outlook: XRP is facing a major resistance area
The 4-hour chart of XRP/USD remains bearish and active. XRP is trading below the 50-day moving average at $1.41 and remains below the 100-day and 200-day moving average at $1.51 and $1.74, indicating that upward attempts remain limited.
Momentum indicators are showing mixed signals. The Relative Strength Index (RSI) is at 60, indicating moderate upward pressure but largely consistent with consolidation.
Meanwhile, a shrinking negative MACD histogram indicates fading bearish momentum.
A decisive daily close above the $1.51 resistance area – in line with the 100-day moving average and the broader downtrend – will be needed to turn sentiment around and open the way towards $1.74.
On the downside, immediate support lies at $1.39, followed by the monthly open near $1.37.
