XRP Clings to $1.32 as ETF Money Meets Fresh Selling Pressure

XRP is sitting right around $1.32 after the October drop, and the fresh ETF inflows plus record wallet numbers have not been enough to change the near-term picture.

The pair took a hit last month and has spent the past couple of weeks grinding sideways while traders weigh whether the $1.30 handle will hold. Why does the support at $1.30 matter so much right now? A clean break lower would open the door to the next cluster of bids near $1.25, and leveraged long books that piled in on the ETF news would feel it fast.

Why the Technical Signals Are Still Calling the Shots

RSI and MACD have both stayed in negative territory even as money flowed into the new spot ETFs. That divergence is what keeps desks cautious. We've seen this setup before in other risk assets where headline inflows masked softening momentum on the chart. The result is usually a slow grind lower until either the data improves or stops get run.

Wallet growth to fresh records tells a longer-term story about adoption, but it rarely moves the hourly or daily price action when macro flows and derivatives positioning dominate. Right now the derivatives side is still net short in the front month, which is why every uptick gets sold into.

How This Lines Up With Past XRP Moves

Back in early 2023, XRP staged a similar rally on regulatory clarity only to stall at the same $1.30–$1.35 zone when broader risk appetite faded. The current ETF-driven move has echoes of that period: headline buying met by real-money selling once the initial excitement wore off. The difference this time is the presence of actual ETF vehicles, which could eventually change the supply dynamic if inflows stay steady. But that process takes months, not days.

Market reaction so far has been muted. Spot volumes have ticked higher on the ETF launches, yet open interest in futures has not expanded much. That suggests the buying is coming more from ETF wrappers than from directional futures traders who would push price harder.

The Open Questions Traders Are Weighing

Can XRP push back above $1.40 and test the $1.50 level that some forecasts have floated? Only if the broader dollar weakens or risk assets get another leg higher. If the data holds and equities stay bid, we might see a retest of those levels into year-end. There's no guarantee this trend continues, though.

For anyone positioned long here, the key is watching how price behaves around $1.30 over the next few sessions. A quick breach on volume would likely accelerate the move lower as stops clear out. This is the kind of setup that catches leveraged traders off guard when they least expect it.