Ripple (XRP) has struggled to gain upward momentum over the past few days, remaining stuck near $2.2. Despite this consolidation, institutional interest appears robust, with XRP spot ETFs continuing to see consistent inflows.

Resistance Levels and Market Action

The bulls are attempting to push XRP past key hurdles:

• First resistance: $2.36 (coinciding with the 50-day EMA)
• Second resistance: $2.52

However, the $2.3 mark has proved challenging, keeping the token in a tight trading range. Over the weekend, XRP found support around $1.85, rebounded past $2.0, and has since stabilized near $2.2.

Technical indicators suggest cautious optimism:

• RSI (4-hour): 54, slightly above neutral, indicating mild bullish momentum
• MACD: Positive territory, showing buyers in control for the week

If bulls succeed in breaking above $2.35, a rally toward $2.52 may be possible. Conversely, failure could see XRP retesting support around $1.96.

Institutional Activity Remains Strong

XRP ETFs have attracted nearly $22 million in inflows on Wednesday alone, marking nine consecutive days of steady ETF inflows.

• Cumulative net volume: ~$644 million
• Net assets: ~$676 million

This suggests growing institutional attention and confidence in XRP despite short-term price consolidation.

Ripple USD (RLUSD) Gains Regulatory Approval in UAE

Adding to Ripple’s positive narrative, RLUSD, Ripple’s USD-backed stablecoin, received approval from Abu Dhabi’s Financial Services Regulatory Authority (FSRA) as an Accepted Fiat-Reference Token.

This recognition allows RLUSD to be used within the Abu Dhabi Global Market (ADGM) by FSRA-authorized entities, further boosting Ripple’s regulatory credibility.

Jack McDonald, SVP of Stablecoins at Ripple, said:

“The FSRA’s recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust – two non-negotiables when it comes to institutional finance.”

RLUSD, which launched in 2024 under the New York Department of Financial Services (NYDFS), now has a market cap exceeding $1.2 billion, making it one of the leading stablecoins in the crypto space.

Outlook

• Bullish scenario: Break above $2.35 could open the path toward $2.52 and higher.
• Bearish scenario: Failure to surpass resistance may see XRP test $1.96.

Despite the short-term consolidation, institutional interest and regulatory approval indicate strong fundamentals and continued investor confidence in Ripple and its stablecoin ecosystem.