XRP Reaches Bull Flag Target Amid Institutional Inflows and ETF Launches

XRP has recently experienced a surge, reaching a bullish target set by trader @kriptocumm. This movement reflects increased market confidence and participation.

  • XRP achieved a bull flag breakout with a target of $2.1076, stabilizing near $2.055 after surpassing $2.
  • Trading volume rose to $3.85 billion, indicating strong market activity.
  • Technical indicators like RSI at 62 and a positive MACD crossover suggest potential for further gains.

Ripple XRP XRPUSD

XRP ETF Momentum

  • Franklin Templeton launched the spot XRP ETF (XRPZ) on NYSE with first-day volumes projected up to $30 million.
  • Grayscale introduced the XRP Trust ETF (GXRP), both offering temporary 0% fees to attract investors.
  • XRP recorded $179.6 million in weekly inflows, contrasting with outflows from Bitcoin and Ethereum ETFs.

Expanding Utility and Long-Term Outlook

  • Analysts highlight XRP’s rising institutional adoption, treasury use, and new stablecoin integrations as growth drivers.
  • Ripple’s Asian banking partnership and XRPL scalability upgrades enhance XRP's fundamentals.

The combined technical and institutional momentum positions XRP favorably, with traders monitoring upcoming resistance levels to assess sustainability.