XRP Price Hits Resistance at $1.28 Amid Subdued Capital Inflows

XRP's price continues to struggle below its 50-day EMA resistance at $1.28, keeping gains capped above $1.23.

The cryptocurrency is facing subdued capital inflows through spot ETFs and derivatives, which are weighing on its rebound efforts.

Despite a neutral RSI and a MACD buy signal, XRP's momentum remains fragile as it hovers around the mentioned resistance level.