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XRP has been trading close to $1.40 as exchange-traded funds saw consistent demand, and price movement stayed range-bound below the $1.50 resistance level. Institutional flows, tokenized Treasury activity, and increased focus on US cryptocurrency regulations have all contributed to the token's growth. However, a stronger move has been constrained by selling pressure and weak retail momentum.
XRP exchange-traded funds have recorded steady demand since their launch, with total inflows reaching $1.32 billion. The products also added $34.21 million over the past week, showing continued interest from institutional investors.
However, XRP has not turned that demand into a clear breakout. The token has remained near $1.40, with traders watching the $1.43 to $1.45 zone as the first major test. A stronger close above that area could open the way toward $1.50.
The $1.50 level remains a key resistance point. XRP has struggled to hold above it as sellers continue to meet short-term rallies. Additionally, broader market caution has kept many traders from taking larger positions.
Ripple, Ondo Finance, Mastercard, and Kinexys by J.P. Morgan completed a pilot for tokenized U.S. Treasury redemption on the XRP Ledger. Ondo said the XRPL part of the transaction was processed in under five seconds.
The pilot connected a public blockchain transaction with a dollar payout through bank infrastructure. Ripple redeemed part of its Ondo Short-Term U.S. Government Treasuries holdings on XRPL, while Mastercard’s Multi-Token Network routed the payout instruction.
Kinexys by J.P. Morgan handled the settlement process, and J.P. Morgan’s correspondent banking network delivered the dollar proceeds to Ripple’s Singapore bank account. The setup showed how tokenized asset redemptions can connect with existing banking rails.
Still, the pilot remains limited in scope. Ondo did not disclose the size of the redemption, the exact transaction time, or whether the process will move beyond the participating firms.
XRP’s Binance whale vs. retail spread has fallen to about 88.8%, according to CryptoQuant analyst Amr Taha. The reading remains positive, but it sits below the 94% zone seen during earlier periods of stronger retail activity.
The metric tracks the difference between large whale-sized outflows and smaller retail-sized outflows on Binance. A higher reading often appears during stronger retail-driven phases, when smaller traders increase activity.
The drop does not confirm a bearish cycle. However, it shows XRP has lost part of the retail speculation that often supports sharp rallies. Taha noted that the market may face mid-term weakness if retail activity does not improve.
At the same time, exchange withdrawals suggest some holders may still accumulate XRP. Around $115 million worth of XRP reportedly left spot exchanges in one 24-hour period. That trend may reduce short-term sell pressure if it continues.
The CLARITY Act remains one of the main events for XRP traders. The bill seeks to create a clearer U.S. digital asset market structure and expand the role of the Commodity Futures Trading Commission.
Market participants expect regulatory clarity to support broader institutional crypto activity. XRP’s April gains partly came from expectations that the bill would move forward. However, delays have kept price action muted.
A clear move above $1.45 could push XRP toward $1.50 to $1.60 if ETF inflows continue and market conditions improve. Some traders see a path toward $2 if regulatory progress, stronger volume, and lower whale selling align.
However, XRP could remain near $1.30 to $1.40 if those catalysts fail to appear. For now, the token remains in a neutral range, with ETF demand, Binance activity, and U.S. policy developments shaping the next move.
Also Read: XRP at $1.37 or Bitcoin at $76K: Where Should You Invest $5,000?
