Ripple Price Forecast: XRP holds EMA support as ETF demand provides a tailwind for recovery

• XRP ticks up as bulls defend the 200-day EMA support at $1.35.
• US-listed XRP ETFs record nine consecutive days of inflows, reinforcing steady institutional interest.
• XRP upholds a constructive bullish bias but risks extending the correction if momentum indicators deteriorate.

Ripple (XRP) rises above a short-term key support on Monday and trades around $1.37 at the time of writing. The remittance token upholds a broad bullish outlook, supported by steady institutional interest. Still, traders should temper expectations as momentum indicators cool following the recent rally that tagged highs of $1.70 on August 22.

XRP ETF demand backs bullish outlook

Institutional interest in XRP has been persistent for nearly two weeks, aligning with improved market sentiment. According to the Fear & Greed Index, sentiment stands at 62 on Monday, down only slightly from 69 the day before. Looking back, market sentiment averaged 27 in July, underscoring growing appetite for XRP-related investment products.

XRP spot Exchange-Traded Funds (ETFs) extended the bullish streak, marking the ninth consecutive day with $26 million recorded on Friday. This brought cumulative inflows to $1.66 billion while net assets under management average $1.44 billion. If sustained, ETF inflows could absorb selling pressure in the open market, supporting stability and potential price increases.