XRP is drawing fresh attention after institutional capital inflows of ~$69 million over the past week, renewing talk of a push toward $5 as technicals and sentiment align.
Key Takeaways:
- Over $69 million net inflow into XRP in the past week signals renewed institutional appetite.
- XRP is trading near $2.84 as of writing (7:45AM UTC), with mixed technicals and moderate momentum.
- Analysts point to a trend shift forming, eyeing highs of $4.00–$5.00 if resistance breaks.
XRP is attracting renewed focus in the crypto market following reports that it drew approximately $69 million in net inflows over the past week, which is a level of capital movement more commonly associated with large-cap crypto names. An article from CoinPaper framed this influx as a potential precursor to a breakout toward $5.
Latest data from CoinShares shows XRP attracted $69 million in inflows in a week span, which suggest renewed confidence from the investors in the digital asset.
In recent trading sessions, XRP has regained strength after earlier consolidation, with observers citing accumulation by mid-to large-sized addresses (1M–10M XRP holders) as a positive undertone. CoinTelegraph reports that this group now controls over 6.77 billion XRP, having added ~30 million tokens recently.
Analyst Signal Potential Trend Shift
Analyst commentary is now coalescing around the notion that XRP is approaching a major trend shift. One popular trader in X (formerly Twitter), dubbed “CryptoBull”, suggests that if XRP can break above a bullish flag or triangle, the path to $5 becomes attainable by October.
At the same time, plans to expand XRP’s utility in DeFi (e.g. via stablecoin collateralization on Flare via Enosys Loans) are adding narrative strength to the bullish case.
XRP Shows Mixed Signals at $2.84
As of today (7:45AM UTC), XRP is trading at approximately $2.84, down about 1% over the past 24 hours according to real-time market statistics from TradingView. Meanwhile, the token reached intraday highs near $2.98, a $0.02 shy to clear its path to $3.00 mark. However, earlier today, the broader crypto market dipped and XRP was not an exception, reaching intraday low around $2.83.
Market momentum remains fragile, with technical indicators offering no clear direction. The Relative Strength Index (RSI) on Investing.com stands at 40.14, suggesting a lack of strong buying momentum, while the RSI on OKX sits slightly lower at 37.7, edging toward oversold territory. TradingView’s overall gauge remains neutral, reflecting indecision among market participants, and Bitget’s daily technical rating also aligns with this view, classifying the market as neutral despite several moving averages tilting bearish.
Bullish Targets vs. Market Risks
CryptoBull is among the more aggressive voices pointing to $5 in the coming weeks, in part because the current consolidation resembles a resolution triangle. He followed this claim with a post highlighting the token’s price action week-over-week, noting that the $5 mark will be achieved by the token three weeks from now.
Yet some caution remains. The next leg up requires volume confirmation, else the move could stall near resistance. Further, macro headwinds or regulatory hiccups (especially in U.S. crypto policy) could dampen momentum. The SEC and ETF developments loom large.
What’s Next for XRP?
The $69 million inflow has reinforced optimism, but XRP must clear the $3.20–$3.50 resistance range to confirm a move higher. A successful breakout could open the way toward $4.00–$5.00, while failure may lead to another pullback. For now, capital inflows and whale activity remain the key signals to watch.
Summary
XRP saw ~$69M in weekly inflows, boosting sentiment as price hovers near $2.84. Analysts argue a break above resistance could open a path toward $4–$5, but momentum is mixed and macro/regulatory risks persist. Watching inflows, whale activity, and the $3.20–$3.50 zone remains key.
