XRP clawed back about 2% over the past 24 hours, nudging back toward $1.34 after slipping to its lowest level since March. Spot XRP ETFs recorded $11.88 million in net inflows on May 31, bringing cumulative net assets to $1.42 billion — roughly 1.37% of XRP's total market cap. The institutional buying persisted even as the broader crypto market stayed under pressure.
ETF inflows climb past $1.4 billion
The latest daily figure follows $1.77 million in inflows the prior day, when most digital assets were sliding. So far, spot XRP ETFs have pulled in a cumulative $1.12 billion in net assets, according to data provided to GFdaily. That sum represents a meaningful slice of XRP's float — equivalent to about 1.37% of the token's entire market capitalization. The steady drip of institutional money suggests some large allocators are treating the dip as a buying opportunity, even as retail sentiment sours.
Key support and resistance levels
The $1.20 region has emerged as a critical floor. XRP touched that zone earlier this week for the first time since March, and buyers stepped in. On the upside, the first major resistance sits around $1.4 — where the 100-day moving average currently lies. A clean break above that level could clear a path to $1.5 or even $1.6. But a drop below $1.20 would be a bearish signal, potentially opening the door to deeper losses.
Cautious outlook persists
This 2% bounce doesn't qualify as a confirmed trend reversal. ETF demand alone hasn't been enough to reverse the broader downtrend in XRP's price. The recovery is happening on thin volume so far, and the macro backdrop — rate uncertainty, regulatory overhang — hasn't changed. For now, traders are watching whether XRP can hold above $1.30 and build momentum toward that $1.4 moving-average wall. If it can't, the $1.20 floor will be tested again.
