XRP Retests 2014 Trendline as Spot ETFs Draw $1.24B and Institutions Add 170M Tokens

XRP fell back to its long-term ascending support trendline on February 6 after a 62% correction to about $1.10, then rebounded roughly 6% on Wednesday as Bitcoin rose above $70,000, market analyst Sam Daodu said. This marks the first such retest with a fully established US spot XRP ETF infrastructure, which has drawn $1.24 billion in cumulative inflows over four consecutive positive months since launching in November 2025, with around 797 million XRP now held in ETF custody and institutional wallets adding another 170 million XRP during the latest dip. Ripple relocked 700 million XRP into escrow on March 1 to maintain its standard release cycle, while Daodu highlighted $1.27 as initial support, $1.10–$1.11 as the key trendline zone, upside levels at $1.47, $1.50 and $1.68–$1.70, and large on-chain supply clusters at $1.76–$1.80 and $2.40–$2.60. Combining March seasonality, prior capitulation signals and supply dynamics, Daodu suggested XRP could potentially trade in the $2.50 to $4.00 range by late 2026, based on his technical analysis and on-chain data.