XRP Leans on Institutional Flows for 12% Price Breakout Push
BeInCrypto
XRP is forming a bullish cup and handle pattern, supported by strong institutional inflows and reduced exchange selling pressure, targeting a 12% price breakout.Summary
XRP is showing potential for a 12% price increase, according to a cup and handle technical pattern forming since mid-April. This bullish outlook is bolstered by significant institutional investment, with over $65 million in spot ETF inflows recorded over two weeks, alongside a 63% drop in exchange selling pressure. While previous similar patterns have failed, current indicators—including improved smart money positioning and technical consolidation—suggest that if XRP crosses the $1.51 resistance level, it could reach a target of $1.68.
(Source：BeInCrypto)