XRP Price Must Flip $2.30 to Restore Bullish Momentum, Path to New All-Time Highs
The post XRP Price Must Flip $2.30 to Restore Bullish Momentum, Path to New All-Time Highs appeared on BitcoinEthereumNews.com.
Key takeaways: Increasing institutional demand for XRP ETPs and persistent whale accumulation back the bullish case for XRP price. XRP must close above $2.30 on the daily chart to secure a push toward $3. XRP (XRP) price displayed indecision on Monday, down 0.8% over the last 24 hours to trade at $2.17. XRP price remains above $2.00 at the time of writing, as several analysts highlight the key resistance levels that must be broken on the path toward new all-time highs. Investors increase exposure to XRP investment products Institutional demand for XRP investment products is increasing, according to data from CoinShares. Related: XRP price saw month-long 420% rally the last time this metric turned green XRP exchange-traded products (ETPs) posted inflows of $10.6 million in the week ending Friday, bringing their inflows for the first half of the year to $219 million. Crypto funds net flows data (as of May 30). Source: CoinShares Other top-cap altcoins such as Bitcoin (BTC), Ether (ETH), and Solana (SOL) recorded net inflows of $2.2 billion, $429.1 million, and $5.3 million, respectively, indicating increased institutional appetite for XRP. CoinShares head of research James Butterfill said: “We believe this resilient investor demand has been driven by a combination of factors, primarily heightened geopolitical volatility and uncertainty surrounding the direction of monetary policy.” Additionally, the supply held by entities with a 1 million-10 million token balance is also rising. These addresses now own 9.9% of the total XRP supply, a 65% increase since late November 2024. XRP’s price has rallied by approximately 350% since then. Percentage of addresses holding between 1M and 10M XRP. Source: Santiment Interestingly, XRP’s whale holding rose even during its 35% price pullback to $1.60 between January and April. This may suggest that larger holders, often viewed as more patient or strategic investors,…
Filed under: News - @ July 1, 2025 2:27 am