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Home»TRADING NEWS»Ripple (XRP) tests $1.43 support amid mixed market sentiment.
TRADING NEWS

Ripple (XRP) tests $1.43 support amid mixed market sentiment.

By Crypto FlexsMay 17, 20263 Mins Read
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Ripple (XRP) tests .43 support amid mixed market sentiment.
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Key Takeaways

  • Ripple (XRP) tests support at $1.43 due to selling pressure in the $1.50 supply area.
  • Institutional ETF inflows rebounded to $1.37 billion, while futures open interest rose to $3.09 billion, suggesting cautious optimism.

Ripple (XRP) is trading lower on Friday, testing key support at $1.43 following strong selling in the $1.50 supply range since Monday.

Despite the U.S. Senate Banking Committee advancing the Digital Asset Market Clarity Act of 2025 (CLARITY Act) on Thursday, overall market sentiment remains constrained by cautious recovery prospects.

XRP address where profit will be generated

The percentage of XRP addresses with unrealized profits increased from 63% the previous day to around 65% on Thursday, coinciding with a test of the token’s $1.50 resistance.

This reflects a slight increase in risk sentiment, even as traders remain wary of potential profit-taking in a weak technical environment.

institutional influx XRP Spot ETF It rebounded sharply on Thursday, with nearly $19 million in new inflows. Cumulative ETF inflows now total $1.37 billion, with average net assets under management increasing from $1.14 billion to $1.25 billion.

Retail participation in XRP derivatives also continues to grow. Futures Open Interest (OI) It rose from an average of $2.97 billion on Friday to $2.97 billion, indicating growing confidence among traders about XRP’s potential to extend its upward trajectory.

Technical Perspective: Integration within the municipal phase

The XRP/USD 4-hour chart is bearish and efficient as XRP has lost 2.5% of its value in the last 24 hours. XRP is trading at $1.43 and maintains a neutral to slightly constructive bias.

It is trading above the 50-day exponential moving average (EMA) at $1.42, below the 100-day EMA at $1.49 and below the 200-day EMA at $1.70. This construct suggests continuous integration within the broader revision phase.

If the bears maintain control, we will see immediate support at the 50-day EMA near $1.42, followed by an upward trend line near $1.39, providing a stronger bottom. A daily close below $1.39 could result in larger losses.

However, if the bulls push harder, they will face initial resistance at $1.49 at the 100-day EMA. A sustained break above this level would open the way towards the 200-day EMA near $1.70, where it would challenge broader bearish pressure.

XRP/USD 4-hour chart

Momentum indicators suggest that the bears are slowly regaining control. The relative strength index (RSI) is 51 and the MACD histogram is slightly positive, indicating limited directional confidence rather than strong impulsive movement.

XRP’s price action suggests continued consolidation within the correction phase as both buyers and sellers compete to control the critical EMA level.


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