XRP Surges on ETF Momentum—Analysts Eye $2.50–$3 Price Target
XRP rockets upward as ETF inflows hit record highs—traders scramble for position.
### The ETF Engine Ignites
Exchange-traded funds aren't just a Bitcoin story anymore. Massive capital flowing into crypto ETFs is spilling over, and XRP is catching the wave. The token's recent performance isn't just a blip; it's a direct response to institutional money finally finding its way into the broader digital asset market. Forget the old narratives—this is pure, price-driven momentum.
### The Path to $3
Technical charts are flashing bullish signals not seen in years. Key resistance levels have crumbled, setting the stage for a potential run toward the $2.50 mark. If the current ETF-fueled demand holds, breaking through that ceiling could open a clear shot to $3. It's a classic setup: sustained volume meets a favorable macro trend. Of course, this assumes Wall Street's latest love affair with crypto doesn't end like most of their financial innovations—overcomplicated and ultimately disappointing for everyone but the fee-takers.
### A New Phase for Ripple's Asset
The rally signals a potential decoupling from XRP's long-running legal saga. Market focus is shifting from courtroom headlines to on-chain metrics and capital flows. This isn't just a speculative pump; it's a reevaluation of the asset's utility in a landscape increasingly shaped by institutional products. The network's underlying activity provides a tangible foundation for this optimism, suggesting the move has legs beyond mere sentiment.
Buckle up. The ETF era is reshaping the crypto board, and XRP just made a powerful move.
XRP Exchange Balances Plummet Significantly Recently
Data provided by analyst ChartNerd reveals that the number of XRP held on trading platforms has decreased from 3.95 billion to 2.6 billion token in less than two months, approximately 1.35 billion token have been withdrawn from the order books.
Source: XAnalysts say this points to growing off-exchange accumulation by long-term holders and institutions. The reduced supply on the market provides relief from selling pressure and positive market sentiment.
ETFs Attract Heavy Inflows as Institutions Circle
The shift in on-chain supply comes as XRP-focused exchange-traded funds post strong inflows. The XRP related ETFs currently have assets of about $935 million following 16 days of net purchases, according to SoSoValue.
XRP exchange-traded products, along with other over-the-counter products, attracted $245 million alone last week, according to data provided by CoinShares. The attracted significantly more money than ethereum and Solana products, which attracted a total of $35 million.
Source: CoinSharesThey attribute the rising interest to the legal strides made by Ripple against the U.S. Securities and Exchange Commission. They also attribute it to new products developed within the XRP ecosystem, including Ripple USD (RLUSD) and Ripple Prime. These developments have strengthened the case for token as an institutional product, just as the token retests support near $2.
Technical Outlook Ahead of FOMC Decision
XRP is down by around 2% today, with trading volumes easing as the wait begins for the Fed’s FOMC decision. However, the Relative Strength Index reveals the existence of a consolidation phase around the current level.
Above $2.20, the bearish market seen can potentially be shifted, opening a way for a target of $2.50 and eventually $3. However, a shift below $2 could reduce the strength of the bullish analysis, with $1.65 acting as support.
Source: TradingViewOutside of large-cap tokens, the presale project, Bitcoin Hyper, otherwise known as HYPER, which seeks to bring Solana technology to Bitcoin, continues to entice new money into the market. Its ongoing rise highlights the risk appetite that still exists on the fringes of the market despite bouts of volatility.