Addresses in Profit Rose by 65%... But XRP 'Hesitates' at $1.5 Wall

▲ XRP

XRP's rebound momentum slowed as it was pushed back from the $1.50 supply zone, but the ratio of addresses in profit and institutional/individual fund inflow indicators simultaneously pointed to a recovery in market risk appetite.

According to FXStreet on May 15 (local time), XRP was pressured below the $1.50 supply zone on Friday, testing the short-term support level of $1.45. Although the U.S. Senate Banking Committee advanced the 2025 Digital Asset Market Structure Bill, setting a major milestone for digital asset regulation, investor sentiment showed limited movement due to a lack of confidence in the overall cryptocurrency market recovery.

According to Glassnode data, the percentage of XRP addresses in an unrealized profit state rebounded from 63% the previous day to approximately 65% on Thursday. FXStreet reported that this increase coincided with XRP's test of the $1.50 resistance, signaling a heightened risk appetite among market participants. However, it noted that investors might engage in profit-taking, which could increase price pressure in a weakened technical environment.

Institutional fund flows also recovered. Approximately $19 million newly flowed into XRP spot ETFs on Thursday, following a temporary stagnation the previous day. Cumulative inflows increased from $1.36 billion to $1.37 billion, and average net assets rose from $1.14 billion to $1.25 billion.

Retail investor participation in derivatives also strengthened. According to CoinGlass, XRP futures open interest expanded from $2.9 billion the previous day to an average of $3.09 billion on Thursday. FXStreet explained that the increase in open interest reflects improved risk appetite and traders' confidence in XRP's potential for further upside.

Technically, XRP remained above its 50-day exponential moving average (EMA) of $1.42, but its upside was capped below the 100-day EMA of $1.49 and the 200-day EMA of $1.70. The daily chart's Relative Strength Index (RSI) was 52, and the Moving Average Convergence Divergence (MACD) histogram showed a slight positive. FXStreet analyzed that this configuration indicates limited directionality rather than a strong trend.

On the downside, $1.42, near the 50-day EMA, was presented as immediate support, while the vicinity of $1.39, where the ascending trendline passes, was cited as a more crucial defensive line. If the daily closing price forms below this zone, the risk of further decline could increase. On the upside, the 100-day EMA of $1.49 was presented as the first resistance level, and FXStreet stated that a sustained breakthrough of this zone would be necessary for a recovery attempt towards the 200-day EMA of $1.70.

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