XRP Defies Broader Market Hesitation with Strong Institutional Support

XRP has demonstrated resilience in the face of broader market uncertainty, holding firm at its key support level of $1.35 amidst hesitation from other major tokens. Recent inflows into XRP ETFs have highlighted a growing interest among institutional investors, who appear to be positioning themselves for potential catalysts. This cautious optimism is reflected in the altcoin's technical analysis, which suggests a developing reversal base and increasing buying pressure.

According to data from SosoValue, XRP ETFs attracted $1.84 million in inflows last week, outperforming other major tokens. This influx of capital has reinforced the idea that institutional interest in XRP remains strong, as investors seek opportunities amidst a volatile market. The sustained inflows have also bolstered the altcoin's technical narrative, with momentum building across lower timeframes.

From a technical perspective, XRP's chart is displaying a clear double bottom near $1.35 support, indicating a potential reversal base and reinforcing short-term stability. The Relative Strength Index (RSI) has lifted steadily from oversold territory, while the Moving Average Convergence Divergence (MACD) has printed positive histograms, signifying increasing buying pressure.