XRP Soars 8% as Institutional Demand Surges—$3.40 Target in Sight After Triangle Breakout

XRP just blasted past resistance—up 8% on heavy institutional buying. The 'triangle breakout' pattern now points to a potential run toward $3.40. Here’s why traders are flipping bullish.

Institutional FOMO kicks in

Whales and funds are piling in, betting regulators won’t dare crush another crypto darling after the SEC’s courtroom humiliation. Liquidity’s thickening, and the order books look like a hedge fund’s Christmas list.

Technical breakout or trap?

The symmetrical triangle breakout—a classic chartist’s wet dream—suggests upside. But let’s not pretend crypto moves on logic. If Bitcoin sneezes, XRP could still catch a cold.

Bonus jab: Wall Street’s 'institutional adoption' narrative remains as convincing as a used-car salesman’s warranty. But hey—when the pumps on, nobody asks questions.