Ripple Price Forecast: XRP rises as 200-day EMA support holds

• XRP ticks up, trading above $1.36 on Thursday, in line with the broader cryptocurrency market gains.
• US-listed XRP spot ETFs posted $7 million outflows on Wednesday after 11 consecutive days of inflows.
• XRP retail demand steadies with perpetual futures Open Interest at 2.25 billion XRP.

Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster. Despite the modest recovery, broader market sentiment remains shaky as investors adopt a cautious stance amid renewed tensions between the United States (US) and Iran.

The two nations re-escalated tensions last weekend, with strikes continuing early this week. Risk aversion is already evident, considering outflows from spot Exchange-Traded Funds (ETFs) on Wednesday.

XRP ETFs turn bearish amid growing investor caution

US-listed XRP spot ETFs saw outflows of $7 million on Wednesday, breaking an extended 11-day bullish streak. Despite the single-day outflow, cumulative inflows hold steady at $1.68 billion, up from $1.51 billion in early August, according to SoSoValue.