United Kingdom XRP rebounds as ETF inflows resume
Tap title to read story
XRP traded around $1.0917 on July 30, recovering 1.68% intraday after dipping toward $1.045 earlier in the week, according to crypto.news data. The token remains just below the Bollinger Bands’ 20‑day middle line at $1.0975, which now acts as immediate resistance. A daily close above that level could open a move toward the upper band near $1.1395. Technical momentum is neutral, with the daily RSI at 47.58, slightly under its signal line and below the 50 threshold. The rebound coincides with $584,000 in net inflows to XRP exchange‑traded funds on July 29 and growing institutional interest, including Aviva Investors adopting XRP Ledger technology.
More context
Timeline
- A larger concentration is also visible just below $1.07, around $1.065
- Further downside liquidity appears between $1.04 and $1.05
- XRP’s immediate direction now depends on whether ETF-led demand can overcome the bearish Supertrend and negative money flow.
Why it matters
For US investors, the return of ETF inflows provides a regulated way to measure demand for XRP exposure. However, uncertainty surrounding the CLARITY Act remains a risk because further delays could keep regulatory concerns in focus.
Coverage notes
The recovery coincided with $584,000 in net inflows into XRP exchange-traded funds on July 29, according to SoSoValue. It marked their first positive daily flow since July 25. The funds have remained net positive on a weekly basis for three consecutive weeks Aviva’s move gives XRPL a large traditional-finance use case beyond payments and cryptocurrency trading
Primary report
Markets often move toward large liquidation pools because forced position closures can add momentum. A break through $1.10 could therefore trigger short liquidations and push XRP toward the next liquidity band near $1.11. A larger concentration is also visible just below $1.07, around $1.065. If XRP is rejected near $1.10, that lower pool could draw the price back toward the $1.0708 Fibonacci support. Further downside liquidity appears between $1.04 and $1.05. A loss of $1.065 would therefore expose the recent low at $1.0453 and weaken the current recovery structure.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
