Xrp Bulls Grow Louder: What Will Spark The Breakout Toward $2.65?

XRP analysts highlighted the potential to rebound to $2.65 as institutional demand increased and derivatives traders flipped bullish.

XRP (XRP) price is up 3% in the past 24 hours and 15.5% from its Nov. 21 low to $2.10 on Monday. This sets it up for further gains backed by several fundamental, onchain and technical factors.

XRP’s new all-time highs are in play, backed by increasing institutional demand and bullish trader sentiment.

XRP price technicals, namely the symmetrical triangle, project a 27% rise to $2.65.

Institutional demand for XRP investment products has not waned, according to data from CoinShares.

Related: XRP sentiment plummets, which could set token up for rally: Santiment

XRP exchange-traded products (ETPs) posted inflows totaling $245 million in the week ending Dec. 5, “bringing year-to-date inflows to US$3.1bn, far eclipsing the US$608m inflows seen in 2024,” CoinShares head of research James Butterfill said in its latest Digital Asset Fund Flows Weekly report, adding:

Meanwhile, spot XRP exchange-traded funds (ETFs) continued their perfect record of positive flows, with $10.23 million on Friday marking 15 consecutive days of net inflows.

This streak has pushed cumulative inflows to nearly $900 million and the total assets under management (AUM) to $861.3 million, per data from SoSoValue.

“For 15 straight days, every US spot $XRP ETF printed green inflows, pushing total assets close to $900M dollar,” said crypto investor Giannis Andreou in an X post on Monday, noting that over 400 million XRP tokens are already locked inside these investment products.

Source: CoinTelegraph