--- title: "Can XRP rebound from $1.32 support as ETF demand grows?" type: "News" locale: "en" url: "https://longbridge.com/en/news/287042368.md" description: "XRP is currently trading around $1.370, having lost the $1.41 support level. It remains above the $1.32 support zone, with institutional demand for XRP funds increasing, evidenced by $60.5 million in net inflows last week. However, the market shows bearish conditions, with retail demand cooling as indicated by a drop in the Fear & Greed Index. The XRP price outlook remains uncertain, with potential resistance at $1.415 and support at $1.32." datetime: "2026-05-20T09:57:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287042368.md) - [en](https://longbridge.com/en/news/287042368.md) - [zh-HK](https://longbridge.com/zh-HK/news/287042368.md) --- # Can XRP rebound from $1.32 support as ETF demand grows? The cryptocurrency market is having a poor start to the week, with Bitcoin and Ethereum trading below key levels. XRP, Ripple’s native coin, also lost the $1.41 support level over the weekend and is now trading around $1.370 per coin. The bulls are holding XRP above the $1.32 support zone. The price could surge higher in the near future, as institutional demand continues to grow. However, the momentum indicators still show a bearish market condition, with the sellers firmly in control. ## Institutional demand for XRP funds continues to grow Similar to Solana, institutional demand for XRP funds continues to increase. Last week, XRP spot ETFs recorded $60.5 million in net inflows, partially offsetting broader outflows. The trend has continued this week, with the ETFs recording an inflow of $10.7 million on Monday and another $1.45 million on Tuesday. However, retail demand for XRP is cooling as shown by the declining crypto Fear & Greed Index. This index measures market sentiment, and it has now dropped to 25 in the Extreme Fear territory on Wednesday, down from 28 the previous day and 49 last week. The derivatives data is showing signs of activity in the market. According to CoinGlass, XRP’s futures Open Interest (OI) stands at $3 billion on Wednesday, higher than the $2.8 billion recorded the previous day. The rising OI suggests growing retail activity in the market. Meanwhile, the OI-Weighted Funding Rate flipped positive on Monday and now reads 0.0063%. The positive OI-weighted funding rate suggests that traders are starting to open buy positions in the market. If this metric remains positive, the market could see increased retail participation over the next few days. ## XRP price outlook: Is XRP getting ready for a bounce back? The XRP/USD 4-hour chart remains bearish and efficient despite the broader crypto market stabilizing in the last few hours. Currently, XRP is trading at $1.370, which is still below the EMA-20 ($1.4150), EMA-50 ($1.3939), and EMA-200 ($1.7149) levels. The momentum indicators are still within the negative territories, suggesting that the selloff might still be in play. The MACD lines are within the negative territory but holding above the oversold area. The RSI of 39 suggests that the bearish trend is slowly fading. If the market conditions improve, the bulls could push XRP’s price higher towards the first resistance level at $1.415. A daily candle close above this level would allow XRP to extend its rally towards the $1.4477 resistance area. However, if the bears remain in control, they will encounter the first major support at $1.32. Failure to defend this support level would indicate a bearish extension, exposing lower demand zones. The broader crypto market conditions remain bearish, and unless buyers step in, Bitcoin, XRP, and other major cryptocurrencies could continue to underperform. 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