XRP (XRP) is testing the upper boundary of a months-long falling wedge on the weekly chart, while renewed inflows into US XRP ETFs add potential fundamental tailwinds.
The token traded near $1.13 on July 22 after bouncing from around $1.02. XRP briefly reached $1.16 during the week, bringing it closer to the wedge’s downtrend line.
However, the bullish reversal setup remains uncertain while the price remains within the pattern.
XRP hack needs weekly confirmation
A falling wedge forms when the price falls between two converging, falling trend lines. It is generally viewed by technical analysts as a potential bullish reversal pattern, although confirmation requires a decisive close above resistance.
For XRP, the breakout zone appears near $1.16-$1.20.
A weekly close above this range may indicate weak selling pressure. The next resistance areas are located near the 200-week EMA at $1.38 and the 50-week EMA at $1.61.
The maximum rise of the wedge results in a theoretical target near $2.18, nearly 90% above current prices. However, this represents a technical forecast and not a price forecast. XRP will still need to reclaim both moving averages and overcome intermediate resistance.
XRP’s weekly RSI has recovered to nearly 36 after approaching the oversold territory near 30. It has also crossed the smoothing line, suggesting that the downward momentum may be slowing.
However, the RSI remains below 50, indicating that broader momentum remains in favor of sellers.
On the downside, the wedge support is located near $0.98-$1.02. A weekly close below $0.95 would weaken the setup and expose the $0.85-$0.90 area.
XRP ETFs record new capital inflows
US XRP ETFs recorded approximately $5.66 million in daily net inflows, according to SoSoValue data. Their combined net assets were around $1.06 billion while XRP was trading at around $1.16.
The latest inflow extends a period of mostly positive, though modest, demand for ETFs following several larger signups during late 2025. The latest daily inflows remain well below the highs of $100 million-$240 million recorded shortly after the products launched.
However, continued positive flows suggest that regulated investment vehicles are absorbing some XRP supply despite the broader decline in the token’s price. Continued inflows could support market liquidity, although ETF demand alone does not confirm that XRP’s technical downtrend is over.
