XRP News Today: XRP Faces a Turning Point as ETF Growth Clashes with Whale-Induced Price Swings
- XRP's price action mirrors 2017 bull patterns, with technical indicators and $622M ETF inflows fueling 10x rally speculation. - Whale activity shows $7.7B accumulation but recent $480M offloads highlight volatility risks near $1.81 liquidation levels. - Institutional adoption via ETFs (Franklin, Grayscale) and $2.60 resistance breakout potential drive bullish sentiment amid SEC settlement clarity. - Price targets range from $3.2-$7.20, but $1.90 support breakdown could trigger $1.55 decline, balancing op
XRP Eyes Major Upside as Analysts See Echoes of 2017 Surge
XRP, Ripple’s digital currency, is once again in the spotlight as market experts note similarities between its present price movements and the dramatic rally of 2017. A combination of technical signals, significant investor activity, and growing institutional interest is fueling speculation that XRP could see a tenfold increase in value.
Crypto analyst Steph Is Crypto has pointed out a breakout from a Gaussian channel and a 42-day correction that closely resembles patterns from 2017, hinting at the possibility of a substantial upward move. After an 11-day decline, XRP’s price has found stability around $2.07, with crucial support between $1.90 and $2.06 and resistance near $2.60 shaping short-term market expectations.
The comparison to 2017 is gaining momentum as XRP tests its 3-month 20-EMA support—an indicator that previously triggered a 25x rally. ChartNerd TA highlights a bullish divergence in the daily RSI, where the price forms lower lows while the RSI creates higher lows, suggesting a potential trend reversal.
Despite these bullish signals, risks remain. There are concerns about possible liquidations if the price drops near $1.81, and a weak MVRV ratio indicates that many long-term holders are still not in profit, adding to volatility. Whale investors have accumulated $7.7 billion in XRP over the last quarter, but recent sales totaling $480 million in just two days have raised questions about market confidence.
Institutional Inflows Boost Optimism
Institutional participation is further strengthening the positive outlook. The launch of Franklin Templeton’s XRPZ ETF on NYSE Arca, with a 0.19% expense ratio, has attracted $62.59 million in new investments. Meanwhile, Grayscale and Bitwise’s ETFs have seen daily inflows of $67.36 million and $35.41 million, respectively. Altogether, total institutional inflows now surpass $622 million, reflecting strong demand.
This trend mirrors a broader shift among institutions toward diversified cryptocurrency holdings, with XRP joining the ranks of Bitcoin and Ethereum in mainstream portfolios. Analysts such as Ali Martinez believe that continued ETF inflows could reduce available supply, potentially pushing XRP’s price toward $2.60 if it can break through the $2.35 resistance level.
Outlook and Price Projections
- Conservative forecasts anticipate XRP reaching between $3.20 and $5 by year’s end, driven by ETF adoption and the possibility of a 10x rally.
- More optimistic scenarios envision a rise to $6.50–$7.20, provided the $2 support holds firm.
- Downside risk remains if XRP falls below $1.90, which could lead to a deeper correction toward $1.55, as noted by Cointelegraph.
Long-term prospects are also supported by expectations of regulatory clarity following the SEC settlement and XRP’s expanding role in cross-border payments.
Conclusion: Cautious Optimism Amid Uncertainty
The market stands at a critical crossroads. While technical patterns and institutional interest point to a bullish outlook, liquidity concerns and unpredictable whale activity could still disrupt upward momentum. As XRP nears a decisive moment, investors are carefully weighing the potential for a repeat of 2017’s explosive gains against the risks that remain, with ETF-driven demand and historical patterns serving as key factors in the evolving narrative.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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