Has XRP's upward momentum started?…Rebound signal created by ETF inflows and on-chain improvements

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XRP (Ripple) is showing signs of a rebound, bolstered by ETF fund inflows and improved on-chain metrics. The price is holding above the $1.43 level, with buying pressure gradually gaining dominance.

According to investment media FXStreet on April 21 (local time), XRP continued its upward trend for two consecutive days, trading above $1.43. The range between $1.40 and $1.42 is acting as a key demand zone, with the short-term sentiment shifting from neutral to bullish.

On-chain data also supports the recovery trend. The number of active addresses increased from approximately 15,000 to over 17,600, signaling expanded user participation. Concurrently, Binance exchange holdings decreased from approximately 2.77 billion to 2.76 billion. The movement of assets from exchanges to private wallets by investors is interpreted as a reduction in selling pressure.

Institutional funds are also steadily flowing in. The XRP spot ETF recorded net inflows for 7 consecutive trading days since April 10, with $3 million flowing in on the 21st alone. Cumulative inflows reached $1.28 billion, and the average assets under management stood at approximately $1.08 billion. The stable buying trend from institutions is supporting overall market risk appetite.

Technically, the short-term bullish foundation is also being maintained. XRP is finding support above the 50-day exponential moving average at $1.41 and the 23.6% Fibonacci retracement level at $1.42. The Relative Strength Index (RSI) is at 57, leaving room for further upside without being overbought, and the Moving Average Convergence Divergence (MACD) also maintains a positive signal, indicating a gentle upward momentum.

However, for a full-fledged ascent, the $1.45 resistance must be converted into a support level. A breakout above this level could open up about 7% upside to $1.54, but conversely, if it falls below $1.41, there remains a possibility of a correction down to the $1.32 trendline. Currently, the market stands at a crossroads between resuming its ascent and undergoing a correction.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*