XRPsurpassing the $2.20 threshold, signaling a strong technical recovery. The recent rise in price was fueled by heavy institutional demand for two new XRP ETFs launched by Franklin Templeton and Grayscale. The ETFs attracted a total of $164 million in inflows on the first day of trading, marking a significant shift in the way traditional capital accesses XRP.
Institutional Capital Turned to XRP
Franklin Templeton’s XRPZ and Grayscale’s GXRP open for trading on NYSE Arca XRP marketIt triggered the strongest increase in corporate interest in recent times. Both ETFs attracted inflows of over a hundred million dollars on the first day, indicating that long-awaited regulated access channels are in place. This step leaves behind a period where large investors were previously unable to access XRP directly outside of OTC markets. This fund flow, which comes after the intense selling pressure seen at the beginning of November, indicates that the market has regained institutional balance and investor confidence has recovered.
From a technical perspective, the rise began after three consecutive “rising bottoms” were formed at the $2.15 support. This structure confirmed that the sales cycle was over and a strong demand zone was established. Especially the 81 percent increase in transaction volume on the last trading day shows that corporate participation is back in action. The movement of 117.7 million coins against an average volume of 65 million coins reveals that professional purchases dominate rather than individual-driven fluctuation.
Technical Structure is Strong, Target is $2.60
XRP chart It maintains a widening ascending wedge formation that slopes to the right. This technical pattern is often considered a bullish continuation pattern and indicates that the price is inclined to move in the direction of the current trend. As long as it remains above $2.15, the $2.35 and $2.60 levels are the next target. The psychological threshold of $2.00 serves as the main support in maintaining the general upward trend.
In the last trading session, the price increased by 1.4 percent, trading in the range of $2.20–$2.26. Flash buy orders of 2.1 million coins in four-minute periods showed the transition from passive accumulation to active breakout strategy. XRP, which consolidated around $2.23 at the close of the session, closed with a strong technical picture in favor of the buyer at the end of the day.
In the short term, breaking the $ 2.25-2.35 range will be decisive for the continuation of the momentum. Otherwise, the price can be expected to retreat to $2.15 and seek equilibrium again. ETF While the institutional base provided by the inputs secures the lower limits of the price; The chart structure indicates a new wave of expansion.
CryptoAppsy According to data, XRP coin is trading at $ 2.21 with an increase of 0.88 percent in the last 24 hours.
