XRP (XRP) rebounded from a 30% decline that bottomed near $1.11 on Feb. 5 but remains pinned below the critical $1.50 resistance zone, as oversold technical readings and $45 million in net ETF inflows create a tug of war between exhausted sellers and steady institutional demand.
What Happened: Oversold Bounce Meets Resistance
The sell-off accelerated during a broader crypto market rout on Feb. 5, when Bitcoin (BTC) dropped toward $60,000 and liquidations wiped out hundreds of billions in market value.
XRP's weekly Relative Strength Index fell to levels that analysts typically associate with market bottoms rather than standard pullbacks.
Trading volume reinforced the severity of the move. XRP posted its highest single-day volume on Coinbase in nearly a year during the crash, a pattern that analysts described as consistent with the later stages of a decline.
On the institutional side, XRP was the only major digital asset to record positive ETF flows last week, pulling in roughly $45 million while Bitcoin, Ethereum (ETH) and Solana (SOL) products posted outflows — with the bulk of demand coming from Franklin Templeton and Bitwise XRP ETFs.
Also Read: Binance SAFU Fund Doubles Down With 4,225 BTC Buy, Now Holds $734M In Bitcoin
Why It Matters: Recovery Still Unconfirmed
The former support band between $1.50 and $1.65 now acts as overhead supply, and analysts caution that until XRP reclaims those levels and begins printing higher lows, the recent bounce should be treated as corrective rather than the start of a sustained trend change.
Oversold conditions and persistent institutional interest suggest selling pressure may be fading, but the market has not yet delivered the structural confirmation that bulls need.
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