XRP holds key support as ETF inflows surge, $2 target hinges on $1.38 breakout

Critical Support Levels and On-Chain Data

Analyst Ali Martinez, widely followed for his technical and on-chain research, has identified the $1.31 to $1.38 band as the main level to watch. This zone is supported by significant trading activity: more than 4.8 billion XRP were acquired within this range, creating a large group of holders now sitting at or near their cost basis. The zone acts as a buffer against further declines but could just as easily flip to resistance if breached.

Martinez highlighted that earlier data mapped 3.2 billion XRP changing hands between $1.35 and $1.38. With an expanded view, the size of this cluster underlines the importance of the support. If it gives way, these holders could become sellers, adding to downward pressure.

More than 4.8 billion XRP were previously acquired between $1.31 and $1.38, creating a critical support cluster that is determining near-term price action.

Overhead resistance is also densely populated. Key “liquidity shelves” for XRP appear at $1.60 (with 1.99 billion XRP), $1.68 (1.98 billion XRP), and $1.86 (3.47 billion XRP). Martinez suggests that a clean move above $1.86 could open the path toward $2.19, based on another concentration of 3.12 billion XRP acquired at that level, making $2 only an intermediate milestone rather than the immediate target.

ETF Inflows and Short-Term Price Triggers

Supporting demand has emerged from U.S. spot XRP exchange-traded funds (ETFs), which attracted $105 million in inflows last week, equal to about 73.2 million XRP. This institutional buying came while XRP was still in correction, highlighting strong interest in regulated crypto investment products.

These ETF flows have not yet translated into consistent price gains for XRP, and analysts continue to scrutinize whether the sustained demand will eventually fuel a breakout. Uncertainty prevails, with traders monitoring how ETF-driven buying might interact with technical resistance and the broader risk environment, particularly as Bitcoin struggles below $80,000.

On lower timeframes, XRP’s hourly chart is forming a bullish flag pattern, which traders interpret as a potential precursor to a breakout. For Martinez, an hourly close above $1.38 would confirm this pattern’s resolution and shift attention back to the $2 target.

Until the hourly chart prints a close above $1.38, the recovery remains fragile and the push for $2 must wait for confirmation.

If bulls fail to hold the $1.31 support, the prospect of reclaiming $2 will likely be postponed, and the recent advance could continue to unravel.

XRP is the native token of the Ripple network, a blockchain-based system designed to facilitate fast, low-cost international payments.

Mini dictionary: ETF (Exchange-Traded Fund), a regulated investment fund that tracks the price of an asset (such as XRP) and is traded on stock exchanges, allowing larger investors to gain exposure to crypto without buying the underlying tokens directly.