XRP Consolidates Near $1.44 as Institutional Demand Builds

XRP is currently experiencing a period of sideways consolidation, trading between $1.43 and $1.45. The asset is testing a critical resistance level of $1.44, with market participants anticipating a decisive move as price action compresses into a narrower range. This price action forms a multi-week symmetrical triangle, characterized by a series of lower highs and higher lows. While sellers have managed to cap immediate gains, the diminishing depth of pullbacks suggests that bullish momentum is gradually absorbing available supply, shifting the balance of control. Institutional support remains a primary driver of the current floor, with spot XRP ETFs pushing total positioning above $2.6 billion. Furthermore, supply dynamics have tightened significantly as nearly 35 million XRP exited trading platforms in a single day, marking one of the largest daily outflows recorded this year. Traders are now closely monitoring the $1.50 mark as the primary trigger for a decisive bullish breakout. Conversely, the $1.39 level serves as critical support; a breach below this point would break the current technical structure and potentially open the door for further downside.