Is XRP a failure? The reason it's stuck at $1.40

▲ 리플(Ripple, XRP) ©코인리더스

Despite strong demand, XRP has failed to break the $1.40 barrier, leading to a debate over whether it is a "failed asset" in the short term.

According to cryptocurrency media outlet Watcher.Guru on April 19 (local time), XRP (Ripple) has repeatedly tested the $1.40 resistance level but failed to break through, currently consolidating around $1.35. Despite bullish conditions such as ETF fund inflows and a recovery in open interest, the limited price reaction is raising questions in the market.

In fact, XRP spot ETF funds recorded net inflows for three consecutive days recently. According to CoinGlass, $10.9 million flowed in on Tuesday and $1.46 million on Monday, with cumulative inflows reaching $1.23 billion. Although institutional fund inflows were confirmed with assets under management averaging $966 million, the $1.40 resistance level remains firmly in place.

However, looking at the trend, the limitations are clear. Unlike the $1 billion inflow within four weeks immediately after the ETF launch in November 2025, it turned into a net outflow of approximately $130 million in March thereafter, breaking the upward momentum. This is identified as the key reason why the current price has remained below $1.40 for an extended period.

The derivatives market also shows signs of recovery, but the intensity is weak. Futures open interest increased from $2.38 billion to $2.47 billion, but it is still low compared to the peak of $10.94 billion in July 2025. While some retail investor funds are returning, it is considered insufficient to replicate past bull markets.

Technical trends are also a burden. The 50-day EMA at $1.41, 100-day EMA at $1.56, and 200-day EMA at $1.81 all act as overhead resistance. The Relative Strength Index (RSI) is neutral at 51, and the Moving Average Convergence Divergence (MACD) shows only a weak bullish signal. Short-term, a breakthrough of $1.41 could open the way to $1.56 and $1.73, but if resistance holds, a retest of $1.32 is possible. The market considers the passage of the U.S. cryptocurrency market structure bill, the CLARITY Act, as a key variable.

*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.*