XRP News: XRP Tests $1.90, Outperforms Wider Crypto Market

Key TakeawaysXRP price rises 1.91% in 24 hours, beating the broader crypto marketTechnical rebound holds near $1.87 Fibonacci supportMarket sentiment remains cautious with Altcoin Season Index at 21XRP price edged higher toward $1.90 on Thursday, outperforming the wider crypto market. The move reflects ETF-linked optimism and short-term technical stabilization, though longer-term pressure remains. XRP Price Rebounds As ETF Developments Draw AttentionXRP climbed 1.91% over the past 24 hours, exceeding the broader market’s 1.15% gain. The rebound followed Roundhill Investments’ refiling to launch an XRP Covered Call Strategy ETF.While the product does not provide direct spot exposure, analysts say it reinforces growing institutional interest in XRP-linked instruments. The filing adds to a trend of expanding ETF infrastructure around the asset, supporting its visibility in traditional finance. Broader Market Context Remains CautiousThe rally occurred against a backdrop of muted risk appetite. The Crypto Fear & Greed Index rose slightly to 34, remaining firmly in Fear territory.XRP’s 24-hour trading volume fell 29% to $1.4 billion, suggesting the move was driven by selective positioning rather than broad-based conviction. A marginal dip in Bitcoin dominance helped free capital for altcoins, including XRP. However, the Altcoin Season Index continues to show the market remains in Bitcoin Season, at 21/100.Source: CoinMarketCap Technical Indicators Show Stabilization Near Key LevelsOn the technical front, XRP held support near the 78.6% Fibonacci retracement zone between $1.77 and $1.87. Momentum indicators improved, with the MACD histogram turning positive for the first time since late December.Short-term averages cluster near current levels, with the 10-day EMA at $1.87044 and 10-day SMA at $1.85872, highlighting near-term balance. Overhead resistance remains significant, led by the 50-day EMA at $2.03589 and the 200-day SMA at $2.56694, underscoring the prevailing longer-term downtrend.SourceL TradingView XRP Outlook: Support Holding, Confidence Still LowAnalysts note that holding $1.87 is critical for maintaining the current rebound. A sustained move above $1.95, near the 20-day EMA at $1.90128, would improve short-term structure, while failure could renew downside tests.On-chain data shows XRP supply on exchanges at multi-year lows, pointing to reduced selling pressure and ongoing accumulation. However, with XRP still down 12.6% over 30 days, confidence remains restrained.