XRP price saw a swift surge during the early hours of Friday’s Asian trading session, opening the market at $1.44. The price has since traded with notable highs and lows, extending its weekly gains to over 7 percent.
At the same time, XRP ETFs have recorded a positive performance after an active day of trading, reaping gains after a brief period of volatility.
XRP price recovers from early dip
At the time of press, CoinMarketCap data indicates that the XRP price traded at $1.43, up 1.55 percent over the past 24 hours. The session weakened early, and the XRP price fell from near $1.4166 into a deeper pullback. That decline pushed XRP below $1.40 before a fast rebound erased the drop and changed momentum. Price then climbed in waves, posting higher levels and moving steadily through the $1.42 range.
Source: CoinMarketCap (XRP Price)
The advance later reached above $1.45, noting 2.54 percent, where the price chart showed the day’s strongest peak. After that move, XRP pulled back, but the retreat stayed well above the earlier lows.
The market then entered a narrower range, with repeated swings between roughly $1.42 and $1.44. Later action showed another rise toward the upper range before easing back to $1.43.
Volume reached $4.06 billion after rising 22.05 percent, while valuation stood at $88.41 billion. The XRP price path showed an early drop, a sharp recovery, a pullback, and renewed upward movement.
XRP ETFs see $11.87 million in daily inflows
As the XRP price continues to trade above its earlier low, XRP ETFs have seen inflows. According to a recent SoSoValue update, XRP ETFs recorded $11.87 million in daily net inflows on April 16, while cumulative net inflows reached $1.26 billion.
Total net assets stood at $1.08 billion, equal to 1.21 percent of XRP’s market capitalization. Trading value across the five products reached $19.70 million.
Source: SoSoValue (XRP ETFs)
Bitwise’s XRP fund led daily inflows with $7.16 million and held $313.69 million in net assets. Its cumulative net inflow reached $405.94 million, while its XRP market share stood at 0.35 percent. Canary’s XRPC followed with $1.55 million in daily inflows and $287.00 million in net assets.
Franklin’s XRPZ added $3.16 million in daily inflows and held $252.82 million in net assets. Its cumulative inflow reached $341.00 million, with XRP market share at 0.28 percent. Meanwhile, 21Shares’ TOXR and Grayscale’s GXRP posted zero daily inflows. TOXR carried negative cumulative flows of $20.41 million, while GXRP held positive cumulative inflows of $118.71 million. Their net assets stood at $157.44 million and $67.05 million, respectively.
XRP price eyes a slight uptick as a bearish harami meets firm RSI momentum
While both the price and ETFs lean on the positive side, XRP price technical analysis hints at what we should expect next. XRP extended its April recovery on the daily chart before momentum cooled near the latest swing high. The recent advance followed a bullish engulfing pattern, which marked a shift from the prior downward move. After that rise, a bearish harami formed and signaled fading buying strength near resistance.
Source: TradingView (XRP/USD)
The bearish harami appeared when a smaller red candle stayed inside the earlier green candle’s body. That structure showed hesitation after the recovery phase and pointed to weaker upside control. It also showed that sellers had started to respond near the recent upper range. RSI divergence stood at 59.64 and remained above the neutral line. That reading kept momentum positive, although it stayed below overheated territory.
The indicator still leaves room for another upward attempt if support remains intact. The Hull average tracked near the lower support area and continued to guide the short-term trend. As long as XRP holds above that zone, the next target remains the recent resistance band near $1.46. A break above that area would open the way toward $1.50, while rejection would shift focus back toward $1.39.