Recent 30% Spike Cools as Exchange Inflows Signal Profit-Taking
The post Recent 30% Spike Cools as Exchange Inflows Signal Profit-Taking appeared on BitcoinEthereumNews.com.
TLDR XRP price recently spiked 30% after $160 million in net outflows from exchanges Analyst RizeSenpai forecasts XRP could surge to $71, mirroring Bitcoin’s historical macro patterns Finance analyst Zach Rector projects $15 price possibility based on ETF inflows and a market cap multiplier model Nine firms have filed for spot XRP ETFs with the SEC, with 78% approval odds for 2025 Teucrium recently launched the first US-listed XRP ETF, attracting $36 million in flows XRP, the cryptocurrency associated with Ripple’s cross-border payment network, has been making waves in the crypto market with its recent price movements and ambitious price predictions from various analysts. From technical chart patterns to ETF inflow models, multiple forecasts suggest XRP could be headed for substantial growth in the coming market cycle. The Ripple-linked cryptocurrency recently experienced a 30% price surge over the past week, driven by $160 million in net outflows from exchanges, signaling strong buyer interest. This outperformance came at a time when many other cryptocurrencies struggled. However, the rally appears to be cooling off. Fresh data from Coinglass shows new inflows returning to exchanges, often an indicator of short-term profit-taking. XRP has already declined 2.4% on Monday while other major cryptocurrencies like Ethereum and Solana posted gains. Technical Analysis Points to Massive Growth Potential TradingView analyst RizeSenpai has drawn striking parallels between XRP’s current market position and Bitcoin’s historical price patterns. According to the analyst, XRP has been mirroring Bitcoin’s macro price action since 2014, but at a slower pace – roughly 65% of Bitcoin’s rate. The comparison focuses on Bitcoin’s breakout from its multi-year accumulation range in 2015-2017, which led to a 5,424% surge. Similarly, XRP has been trading within a large multi-year range for nearly six years through the end of 2022 before recently breaking out. RizeSenpai’s analysis suggests that…
Filed under: News - @ April 15, 2025 6:21 am