Ripple XRP Price: Token Breaks Above $1.40 as Spot ETF Inflows Reach $17.6 Million

TLDR

• XRP is up nearly 4% in 24 hours, trading above the $1.40 resistance level
• Ripple partnered with Kyobo Life Insurance to bring Korea’s bond settlement on-chain
• The new system will cut bond settlement from two days to near-real-time
• XRP spot ETFs attracted $17.6 million in inflows on Wednesday, with cumulative inflows at $1.25 billion
• Next price targets are $1.46, then $1.50 if bullish momentum holds

XRP is the best-performing asset among the top 10 cryptocurrencies by market cap over the last 24 hours. The token is up nearly 4% and has broken above the $1.40 resistance level.

The move follows a major business announcement from Ripple involving a South Korean financial institution.

Ripple announced a partnership with Kyobo Life Insurance to bring Korea’s government bond settlement process onto the blockchain. The deal uses Ripple Custody, the company’s platform for holding, transferring, and settling tokenized assets.

The goal is to replace Korea’s current fragmented, manual bond settlement system with on-chain infrastructure. Settlement times would drop from two days to near-real-time execution.

Ripple says the new system could reduce counterparty risk and improve efficiency across the settlement process. The company also says its blockchain could serve as a base layer for Korea to expand into payments, liquidity, and treasury management.

XRP ETF Inflows Pick Up

Alongside the partnership news, US-listed XRP spot ETFs are seeing rising inflows. Wednesday saw $17.6 million flow in, up from $11.2 million the day before and $1.46 million on Monday.

Cumulative inflows now sit at $1.25 billion. Net assets under management average $992 million.

Analyst @CW8900 posted on social media that a golden cross of the RSI indicator on XRP appears imminent. The analyst noted XRP is sitting at the bottom of a rising channel, which they described as the starting point of a potential rally.

Price Levels to Watch

XRP hit an intraday high of $1.4157 before entering a consolidation phase. The RSI on the 4-hour chart is at 68, and the MACD is marginally positive.

The first resistance sits at $1.4150, followed by $1.4220 and $1.44. A clean break above $1.44 could push the price toward $1.45 and then $1.4650.

On the downside, support is at $1.40, then $1.3840. A close below $1.3840 could open the door to $1.37 and lower toward $1.3120.

XRP is still trading below its 100-day and 200-day EMAs. The 200-day EMA sits at $1.80 and remains a distant level for any larger recovery.

The most recent data shows XRP trading at approximately $1.408 at the time of writing.

The post Ripple XRP Price: Token Breaks Above $1.40 as Spot ETF Inflows Reach $17.6 Million appeared first on CoinCentral.