XRP is stabilizing around the critical $1.40 technical level, even as institutional flows show signs of cooling. The digital asset was trading at $1.41, marking a modest daily gain. This consolidation follows a decline from earlier highs, indicating the market is seeking a new directional catalyst.
Data reveals daily net outflows of approximately $6.08 million from XRP spot exchange-traded funds, with total net assets still near $967 million. After a period of inflows, ETF activity has turned negative, suggesting some institutional investors are reducing exposure or taking profits.
Despite softer ETF demand, XRP has maintained support above $1.40, a level closely watched by traders. Technical indicators, including a neutral Relative Strength Index (RSI) around 50 and an upward-trending Awesome Oscillator, suggest that bearish pressure is slowly declining, potentially signaling a weakening downside momentum.
Further positive sentiment could stem from Ripple's recent announcement of a $750 million share buyback program. While not directly impacting XRP supply, the move is viewed by market participants as a sign of confidence in Ripple's broader ecosystem.