Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. XRP demand softens as headwinds escalateInstitutional interest in XRP Exchange-Traded Funds (ETFs) remains on the back foot, given muted activity on Tuesday and mild inflows of $1.15 million on Monday. XRP ETF flows | Source: SoSoValueRetail demand has improved only slightly to 2.14 XRP on Wednesday, from 2.12XRP the previous day, according to CoinGlass’s data on perpetual futures Open Interest (OI). Despite the increase, the chart below highlights a general downtrend from 2.37 billion XRP, which marked the peak in July. XRP/USDT daily chartInitial resistance lies at the downtrend resistance break area near $1.08, where failure to reclaim would keep the latest slide intact.