XRP Price Tests $1.40 Support Amid ETF Inflows and Technical Developments
XRP faces downward pressure despite bullish inflows from U.S. ETFs and XRPL upgrades.
- XRP price dropped to $1.45, testing $1.40 support level.
- U.S. ETFs added $3.14M to XRP exposure in recent trading.
- XRPL upgrades and technical factors influence market sentiment.
XRP's price is currently at $1.45, representing a 4.47% decline over the past 24 hours and a 4.39% drop over the week, with its market cap standing at $91.18 billion. Despite these downward movements, U.S. exchange-traded funds (ETFs) have recently added $3.14 million in XRP exposure, indicating continued institutional interest.
The cryptocurrency is testing the $1.40 support level, which is being closely watched by traders. This comes amid a broader market downturn, with the total crypto market cap at $2.91 trillion and 
Bitcoin experiencing a 3.07% decline in the last 24 hours. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 71, suggesting potential for further volatility.
According to Crypto.news, the price movement is influenced by a combination of factors, including the recent XRPL upgrades and bearish technical signals. While ETF inflows suggest positive institutional sentiment, these other factors are contributing to the current downward pressure on XRP's price.
The broader market context shows a mixed picture, with the overall market downturn potentially amplifying XRP's price decline. However, the significant ETF inflows could provide a buffer against more severe losses.
The developments surrounding XRP highlight the complex interplay between institutional investment, technological advancements, and market sentiment in the cryptocurrency space. Traders and investors will be closely monitoring the $1.40 support level to see if it holds amid these conflicting forces.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,966.46 (about $1.44), down 4.5% over 24 hours. The naira itself trades about 2.8% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP — questions
How much is 1 XRP worth in naira today?
About ₦1,966.46 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.44. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.69% since this brief first published — trading at $1.44 now versus $1.45 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.