Ripple (XRP) continues to hold firm near the $1.41 mark following a sharp recovery from its weekly low of $1.31. Market participants are closely watching the asset as its technical framework shows signs of continued resilience. Although daily activity on the underlying network has moderated compared to previous months, the broader momentum remains tilted in favor of the buyers, supported by improving market sentiment and steady capital inflows.
Network Activity Normalization on the XRP Ledger
Activity on the XRP Ledger (XRPL) has adjusted after experiencing a massive surge in August, when daily active addresses peaked near 930,000. Current data indicates that the number of unique wallets interacting with the protocol by transferring value has normalized to approximately 26,000. Despite this reduction in raw address counts, the network maintains a stable baseline of transactions, ensuring that the underlying infrastructure continues to function efficiently without losing core engagement.
Institutional Inflows and Market Sentiment
Spot XRP Exchange-Traded Funds (ETFs) have continued to attract capital, recording nearly $19 million in inflows through Thursday. This reflects a steady, risk-on attitude among institutional participants, following a previous week where cumulative inflows averaged $110 million, marking the highest level seen since early December. Furthermore, the Crypto Fear and Greed Index climbed to 74 on Friday compared to 65 the previous day, aligning with a broader market appetite for risk-on assets and digital currencies.
Technical Indicators and Moving Average Dynamics
XRP is currently trading at $1.41, sitting comfortably above major moving averages that validate its ongoing uptrend. The Relative Strength Index (RSI) stands at 61, indicating solid upward momentum without entering overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) shows a minor negative reading, suggesting a brief consolidation phase rather than a trend reversal. Long-term benchmarks, including the 200-day EMA at $1.39 and the 50-day EMA at $1.23, provide a robust structural foundation for ongoing price action.
Key Support and Resistance Levels to Watch
On the downside, immediate support is established at the $1.39 pivot level, with secondary support resting near $1.37. These levels are expected to attract dip-buying interest in the event of a minor correction. Conversely, resistance is positioned at R1 near $1.44 and R2 near $1.48, which serve as the final hurdles before the asset can challenge the psychological $1.50 breakout target. Bollinger Bands place the current price comfortably within established volatility channels, keeping the medium-term outlook constructive.
Broader Cryptocurrency Market Context
Across the wider digital asset ecosystem, Bitcoin (BTC) trades around $81,000 on Friday, registering a weekly gain of over 4% amid sustained institutional demand and consistent spot ETF inflows. Additionally, Pi Network (PI) has held steady above its 50-day EMA around $0.09388 following a four-day recovery streak. Concurrently, Decentralized Finance (DeFi) protocols reportedly spent $638 million on token buybacks in August, representing a 17% increase year-over-year as projects adopt traditional financial strategies to bolster valuations.
