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XRP tests the $1.32 support level as ETF demand slows

CryptoExpert by CryptoExpert
October 9, 2026
in Market Analysis
0
XRP tests the $1.32 support level as ETF demand slows
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Key takeaways

XRP has declined nearly 7% over seven days after failing to clear resistance at $1.60.
Trading volume remains around $3 billion, equivalent to nearly 4% of its circulating market capitalization.
XRP ETFs have attracted just $4 million in October so far, compared with $121.4 million during September.

XRP has fallen nearly 7% over the past week after its latest rally failed to break through $1.60, leaving traders watching nearby support for signs that the correction could stabilize.

Trading activity remains elevated at approximately $3 billion, but slower ETF inflows and increased transfers to exchanges suggest buyers face a more challenging environment.

okex

The pullback comes alongside broader crypto market weakness and cooling sentiment following the recent advance.

XRP ETF inflows slow sharply in October

XRP-linked exchange-traded funds attracted $121.4 million in net inflows during September, according to SoSoValue figures cited in the analysis.

Investors have added only around $4 million so far in October. At that pace, the report estimates monthly inflows of approximately $17 million, although the final total will depend on demand over the remaining sessions.

The slowdown points to weaker buying through investment funds. It does not establish that investors are withdrawing capital, since October’s cumulative flows remain positive.

Still, reduced ETF demand removes a source of support as XRP attempts to find a floor.

Onchain data shows that XRP inflows to exchanges have accelerated over the past two weeks, reaching their highest level since July 2026.

The earlier increase coincided with a decline from approximately $1.14 to $1.00. The analysis suggests another period of selling could follow the latest rise in deposits.

Transfers to exchanges can indicate that holders are preparing to sell, but they do not confirm completed sales. Some deposits may serve trading, collateral or other purposes.

With XRP retreating from resistance, the increased inflows nevertheless add to concerns that early buyers could take profits.

The Crypto Fear and Greed Index has fallen from a recent high of 80 to 58, reflecting a shift away from strong optimism as prices correct.

The report argues that the macroeconomic backdrop has become somewhat more supportive than it was a few weeks earlier. It says the latest Federal Reserve minutes did not change the baseline expectation that another rate increase would be delayed until at least December.

Softer-than-expected August PCE inflation figures were cited as supporting that view.

However, expectations for a later rate hike have not prevented near-term profit-taking across the crypto market.

XRP technical outlook: Bulls hold the $1.32 support

The daily chart places XRP near its 200-day exponential moving average, with the analysts identifying approximately $1.32 as a potential rebound zone.

A successful defense of that area could help stabilize the price. If selling accelerates, the next support lies near $1.26, a level that has previously attracted buyers.

XRP/USD Daily Chart

Below that, $1.26 represents a deeper demand zone and another important test for bulls.

Momentum has weakened, with the Relative Strength Index approaching 40, suggesting sellers retain the near-term advantage.

The medium-term target of $1.80 remains in play, but reaching it would require renewed demand and a sustained recovery through the $1.60 resistance that halted the latest advance.

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