ETF Buys $19M XRP as RSI Drops to 33: Bull Run Next?

Key Insights:

• XRP’s weekly RSI at 33 matches previous levels that preceded sharp upward price movements.
• $18.99M flowed into XRP ETFs in a day, lifting total assets to $1.14 billion.
• Traders eye $1.9750 resistance; rejection could invite more downside without strong breakout confirmation.

XRP’s weekly Relative Strength Index (RSI) has fallen to 33. This level has often matched periods of price lows in the past. The RSI is used to assess whether a market is overbought or oversold. Values close to 30 suggest that the asset may be oversold.

Previous RSI readings around this range have been followed by upward price moves. Data points from early 2017, March 2020, and mid-2022 show that when XRP’s RSI touched similar levels, the price eventually recovered. At present, XRP is in that same range again. Some traders see this as a possible setup for a rebound, although many also note that “conditions today are not identical to those in past cycles.”

ETF Inflows Indicate Ongoing Institutional Activity

On December 17, XRP Spot ETFs recorded $18.99 million in daily net inflow. This brings total net assets to $1.14 billion, according to data from SoSoValue. The current XRP price is $1.83, slightly lower than the $1.88 shown on the chart during the inflow period.

Since mid-November, ETF inflows have remained steady. Some earlier days saw larger volumes, with spikes crossing $200 million. This steady pace of inflows reflects continued interest in XRP from funds and institutional players. While this trend supports asset growth, one market participant noted that “capital inflow alone is not always enough to drive prices higher in the short term.”