advertisement
Recent XRP activity has spiked over the past 48 hours, showing bullish signs in the market. On-chain metrics show inflows surging while other assets pick up the pace. Institutional trading is extremely important for altcoins, with large trades leading to positive market flows.
XRP chart forms bull flag
Looking at the trading data, we can see that the XRP price trend has formed a bullish flag, indicating a continuation of the current positive sentiment. Cryptocurrency traders expect the asset price to reach $15, supported by open interest. The total trading volume of all user categories has also increased.
Over the past 30 days, a bullish chart has formed around the upper limit of $2.41. Analysts say this indicates significant upward momentum and could lead to an imminent breakout. A $15 price target means an upside of 520% to the current position.
XRP bulls accumulate assets based on positive macro factors in the US and small outflows from Bitcoin. Market sentiment has led to a surge in XRP inflows as President Donald Trump’s second term increases buying pressure. The asset reversed USDT and became the third-largest asset by market capitalization for the second time this month. XRP’s market capitalization soared to over $140 billion, but has since recorded a slight decline.
Notably, the company faced a lawsuit from the Securities and Exchange Commission (SEC), which worsened sentiment. Regulatory confusion kept the asset below the $1 level for years, but it is now above $2. The continuation of the spike has led analysts to make bullish predictions based on other technical indicators.
advertisement
“Most bullish scenario: #RSI curvature continues on an upward trend, ideally reaching 88 or even 96.5 or higher. Rebound from 74: #XRP will rebound from the 74 range and be incredibly bullish! Downside potential: A fall to 70 could indicate bearish momentum, but a bounce from there is needed to continue the bull market. is essential,” egragcrypto added about X.
XRP caps off institutional investor inflow
The recent surge has seen similar performance on the institutional side. In the first week of 2025, the asset regained $5.7 million in institutional inflows while other altcoins struggled. This follows last year’s performance and fuels talk of impending altcoin season.
With outflows from Bitcoin, small gains from other altcoins could change the situation. XRP’s strong performance may be tied to optimism about spot ETF approval in the US.
