The price of XRP has taken a hit due to renewed tensions in the Middle East, causing a decline in broader crypto sentiment. According to recent data, XRP investment products saw nearly $40 million in inflows last week, while futures open interest climbed to $2.87 billion.
Despite this, the technical outlook for XRP remains bullish, with the asset trading above key moving averages. The 4-hour chart shows that XRP is currently above the 50, 100, and 200 Exponential Moving Averages (EMAs) on the 4-hour chart clustered between $1.40 and $1.42.
However, momentum indicators suggest a pause in buying pressure, with the Relative Strength Index (RSI) remaining in the high-50s and the Money Flow Index (MFI) easing from overbought territory.