- XRP sees $30B inflows, sparking predictions of a 135% surge.
- XRP sees $30B inflows, but 4% plunged amid market volatility.
- Spot XRP ETF approval could trigger massive supply shock soon.
XRP is attracting renewed attention in the crypto market following a surge in institutional inflows. With $30 billion pouring into the token, its price has dropped to over 4% within 24 hours, yet XRP remains a notable player among large-cap cryptocurrencies.
This recent inflow has sparked renewed optimism among traders and analysts, who believe that XRP could be on the verge of a significant rally.
Despite the overall positive outlook, analysts are cautious about expecting XRP to reach double-digit prices anytime soon. While some experts predict an impressive 135% increase, others note that a more gradual climb toward $4 is more likely in the immediate term.
Even so, XRP’s position in the market remains strong, with many seeing a steady upward trend rather than a short-lived spike.
Also Read: XRP Faces Major Setback After Rejection at Key Technical Level
Analysts Predict Massive Gains for XRP
Evan Aldo, an analyst on the Paul Barron Podcast, has outlined an optimistic path for XRP based on technical patterns. Aldo believes that XRP could potentially rise to $4 in the coming months, marking a 55% increase from its current price.
However, the real challenge will be breaking through the resistance levels around $4.30 to $4.50. Should XRP overcome this barrier, it could see a rapid climb toward $6, representing a massive 135% surge.
While the $6 target is uncertain, the consensus is that XRP’s technical structure suggests a steady climb, making the $4 mark a more realistic goal. Analysts are hopeful that if XRP can clear the $4 resistance, it could gain significant momentum, possibly accelerating its price action in the coming weeks.
XRP’s Stability and Growing Use Cases Fuel Optimism
What sets XRP apart from many other cryptocurrencies is its stability amidst market volatility. While many digital assets fluctuate wildly, XRP has demonstrated a consistent performance, making it a favorite among institutional investors and long-term holders.
This stability is particularly appealing for those looking for less speculative positions in the cryptocurrency space.
Additionally, XRP’s use in cross-border payments and tokenization projects continues to bolster its reputation and support its long-term outlook. These real-world use cases contribute to the growing institutional interest in XRP, further reinforcing its place in the market.
As XRP struggles to approach its previous high of $3.80, technical indicators suggest it could break through this resistance. However, broader market conditions and regulatory clarity will play a significant role in determining XRP’s path forward.
Growing Institutional Interest and XRP ETF Approval Could Trigger a Supply Shock
The crypto market is still recovering from last week’s violent flash crash, which wiped out nearly $2 trillion in total market capitalization within hours.
Despite this, institutional interest in XRP remains strong, with whales increasingly accumulating tokens as they anticipate the approval of a spot XRP ETF.
Multiple firms, including Bitwise, 21Shares, and Canary Capital, have submitted or updated their spot XRP ETF applications to the U.S. SEC. The SEC’s fast-track process could see approvals granted in just 60 to 75 days, potentially by the end of 2025.
Unlike futures ETFs, which settle in cash, a spot XRP ETF requires direct XRP purchases, removing tokens from the open market. This could tighten liquidity and push prices higher, making it a key factor in XRP’s future growth.
Also Read: Solana’s Price Drops 15% This Week: Will $180 Support Hold Strong?
