XRP keeps attracting ETF money, but one support break could expose $1.35

XRP traded near $1.53 on Friday as fresh ETF inflows continued to support the token, but the latest rebound has not removed the downside risk created by this week’s failed breakout.

The cryptocurrency was up about 2.3% over 24 hours and roughly 17% over seven days, according to CoinGecko, yet remained below the $1.60–$1.65 area that rejected Wednesday’s rally.

US spot XRP ETFs attracted another $18.04 million on September 23, lifting cumulative net inflows to about $1.75 billion.

ETF demand remains a bullish support

The latest flow data show that US spot XRP ETFs took in $18.04 million on September 23.

Bitwise led with $11.54 million, while Franklin Templeton added $6.50 million, taking cumulative net inflows across the category to $1.748 billion.

That suggests regulated products are continuing to attract capital even when XRP itself is volatile.

Interest also appears to extend beyond crypto-native traders.

Bitwise research analyst Ryan Rasmussen said after a presentation to roughly 400 wealth managers that XRP was “the most asked about throughout the presentation,” adding that there was “a lot of interest.”

The same informal poll found that 60% of attendees expected to allocate to crypto within a year, although stated intentions do not guarantee future flows.

For XRP bulls, the ETFs therefore provide a new source of demand. But they should be viewed as a cushion rather than a guaranteed floor.

Daily inflows remain small relative to XRP’s broader spot market, where selling can easily overwhelm fund purchases.

The first danger sits near $1.43

The near-term risk is technical, as XRP pushed into the $1.60–$1.65 region this week before reversing sharply towards $1.48.

That failed breakout has shifted attention back to support rather than upside targets.

FXEmpire analyst Alejandro Arrieche had already warned on September 23 that selling pressure was increasing after XRP moved above $1.50.

“We could expect a retreat to $1.43 or so after such a strong rally,” Arrieche wrote, while still maintaining a longer-term bullish view.

That makes roughly $1.40–$1.43 the first area to watch if XRP weakens again.

Below that sits a more important support cluster. Analyst Ali Martinez previously identified $1.31–$1.35 as critical for preserving XRP’s bullish structure, noting that a decisive break above resistance could open the path to $1.60.

A break below $1.35 would raise the stakes

The more bearish scenario remains conditional, not confirmed.

Analyst Yashu Gola identified a potential double-top pattern around $1.55–$1.60, with a neckline near $1.285.

He said a decisive daily close below that level could confirm the structure and expose XRP to a measured move towards $1.

For now, XRP remains well above that neckline, as Gola also noted that several moving averages sit between roughly $1.28 and $1.40, creating a dense support cluster before the more severe downside scenario becomes relevant.

A move back above $1.60–$1.65 would weaken the double-top argument substantially.

That makes $1.35 important partly because of what lies beneath it. If buyers defend the $1.40–$1.43 region, Friday’s recovery can still develop into a healthier consolidation.

If that area breaks, traders are likely to focus quickly on $1.35 and then the $1.28–$1.31 zone.

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