#数字资产市场洞察 $XRP Spot Market Observation: Institutional Funds Continue to Pour In, but Price Breakthrough Is Imminent

Recently, XRP's performance has been quite interesting—on one side, institutional-grade ETFs are attracting daily inflows, while on the other side, the price remains stuck at the critical level of $1.96 to $1.97. This contradictory signal warrants a detailed analysis.

From a capital perspective, the spot XRP ETF has seen continuous inflows since its launch, with total net assets surpassing $1 billion. At this rate, it could reach $10 billion by 2026. Technically, short-term indicators look good—MACD recently showed a bullish crossover, and RSI on 6, 12, and 24 periods has remained above 50, indicating that buyers are indeed accumulating strength.

There is also good news on the ecosystem front. Multi-chain stablecoin projects are expanding; wXRP is now live on Solana and Ethereum, and conditional banking licenses have been approved, all of which strengthen long-term usability.

However, risks are also evident. The most immediate is price resistance—an order wall of 1.82 billion XRP has accumulated in the $1.96-$1.97 range, which is no small amount. More concerning is that despite daily ETF inflows exceeding $1 billion, XRP's price has actually declined by 13-15% over the past month, showing a clear mismatch between capital inflow and market performance.

Another hidden risk worth noting is that the proportion of active coins has increased from 48.75% to 51% over the past year. Old coins are awakening, and with whales frequently transferring funds to exchanges, this could lead to a sell-off.

Community voices are quite mixed. Some investors from Pakistan are buying against the trend, optimistic about a rebound by the end of the year, with some even claiming XRP could reach $10 by 2026. But others openly admit that the current trend is downward. Ultimately, XRP is at a critical juncture—breaking through $1.96-$1.97 could lead to a new story, while failure to break through might mean further downside.