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- XRP fell below $1.50 as tensions in the Middle East dampened interest in crypto.
- XRP trading saw nearly $40 million in inflows last week, while open interest rose to $2.87 billion.
XRP tests key support at $1.45 despite strong ETF and futures entries
Ripple’s XRP fell from highs near $1.50 and hovered around $1.46 on Monday as political tensions in the Middle East weighed on broader crypto markets and dampened recent strong gains.
The retreat follows US President Donald Trump’s rejection of Iran’s latest proposal to end tensions in the region, calling it “absolutely unacceptable.”
The resolution included conditions related to Iran’s control over the Strait of Hormuz along with demands for compensation related to war damage.
Iranian Foreign Ministry spokesman Esmail Baghaei defended the proposal, describing it as “reasonable” and “generous” for Iran’s national interests and regional stability.
The renewed uncertainty rattled risk assets, including cryptocurrencies, which had been buoyed by hopes of a deal to end the war between the US and Iran. XRP is up less than 1% today as traders reevaluate their outlook.
Despite the market weakness, inflows into XRP stocks remained strong last week.
According to CoinShares, XRP related digital currency assets attracted about $40 million in assets, with total assets under management of about $2.5 billion, ranking fourth among trading crypto currencies.
Spot XRP exchange-traded funds (ETFs) accounted for nearly $34 million of that amount, while ETF inflows rose to $1.32 billion. The ETF’s total assets under management are currently about $1.12 billion, according to CoinGlass data.
Meanwhile, derivatives show that retail traders continue to be bullish. XRP futures Open Interest (OI) it rose to $2.95 billion from $2.65 billion the previous day, which shows the participation and interest of investors even in recent times.
XRP technical outlook: bulls defend EMA support area
The XRP/USD 4-hour chart will remain stable as Ripple continues to trade at high levels. XRP is currently trading above the 50, 100, and 200 Exponential Moving Averages (EMAs) on the combined 4-hour chart between $1.40 and $1.42, reinforcing a positive short-term bias.
However, the $1.50 area remains a major resistance barrier after acting as a double ceiling in the recent session.
Momentum indicators show that the upward trend is cooling rather than reversing. The Relative Strength Index (RSI) remains in the 50s, while the Money Flow Index (MFI) has fallen from oversold areas, indicating a break in buying pressure.
If the selloff continues, XRP may encounter a support area near the 50 EMA around $1.42, followed by strong support around the 100 EMA at $1.41 and the 200 EMA near $1.40.
However, if the bulls regain control and the daily XRP candle closes above the $1.50 resistance zone, it may open the way for further gains in the future sessions.
