XRP Nears $1.32 Support as October ETF Inflows Dwindle

Quick snapshot

• XRP recorded a drop of almost 7% in the past week after it could not push past the $1.60 resistance level.
• Trading activity stays near $3 billion, which represents roughly 4% of its circulating market cap.
• So far in October, XRP ETFs have drawn only $4 million, versus $121.4 million in September.

After failing to surpass $1.60 during its most recent upswing, XRP has lost about 7% in the last seven days. Traders are now focused on nearby support levels for any indication the downtrend may pause.

Although trading volume is still high, around $3 billion, declining ETF inflows and rising deposits to exchanges point to a tougher landscape for buyers.

This decline occurs against a backdrop of general crypto market softness and fading enthusiasm after the prior rally.

October Sees Sharp Slowdown in XRP ETF Inflows

In September, exchange-traded funds tied to XRP registered net inflows of $121.4 million, per data from SoSoValue mentioned in the report.

October has seen investor additions of just about $4 million. Based on this rate, the report projects monthly inflows of roughly $17 million, but the ultimate figure hinges on interest during the rest of the month.

This decline suggests softer buying activity via funds. However, it does not indicate capital outflows, because October's total flows are still positive.

Nonetheless, weaker ETF demand eliminates one pillar of support as XRP seeks a bottom.

According to blockchain data, XRP deposits to exchanges have risen over the last two weeks, hitting the highest point since July 2026.

A previous surge in deposits accompanied a drop from roughly $1.14 to $1.00. The report warns that another spell of selling may occur after the recent uptick in exchange inflows.

Moving tokens to exchanges might suggest that holders are gearing up to sell, but it does not confirm that sales have happened. Some deposits are for trading, collateral, or other uses.

As XRP slides from its resistance, the growing exchange inflows nonetheless raise worries that early investors might cash out.

The Crypto Fear and Greed Index dropped from a recent peak of 80 to 58, indicating a move away from robust optimism during the price correction.

According to the analysis, the macroeconomic environment is now slightly more favorable than several weeks ago. The latest Fed minutes maintained the view that a further rate hike is unlikely before December.

August's PCE inflation data, which came in lower than anticipated, was referenced as backing that outlook.

Nevertheless, the prospect of a delayed rate increase has not stopped short-term profit-taking throughout the cryptocurrency market.

XRP Technicals: Bulls Defend $1.32 Support

On the daily chart, XRP is trading near its 200-day exponential moving average. Analysts see around $1.32 as a likely area for a bounce.

If that zone holds, it could aid in price stabilization. Should selling pressure increase, the next support is around $1.26, a level that drew buyers in the past.

Below $1.32, the $1.26 area serves as a deeper demand zone and another major hurdle for bulls.

Momentum is declining, as the Relative Strength Index nears 40, indicating sellers maintain the short-term edge.

The $1.80 medium-term price objective is still valid, but achieving it would need fresh buying interest and a sustained rally past the $1.60 resistance that stopped the last climb.