XRP Faces Supply Pressure Near $1.50 Despite Strong ETF Demand

XRP gained over 45% in Q3 with U.S. spot XRP ETFs attracting approximately $307.9 million in inflows, bringing cumulative inflows to nearly $1.8 billion. Despite this demand, the price has struggled to break past the $1.70 resistance level, currently trading near $1.50. Increased exchange deposits, reaching their highest level since October 2025, suggest potential sell-side liquidity as holders look to realize profits. While ETF buying remains a factor, the market is currently balancing this demand against available supply.