#xrp #Xrp🔥🔥 #predictons #bullish
The price of XRP (XRP) rose 3% in the last 24 hours and 15.5% from its November 21 low to $2.10 on Monday. This sets XRP up for further gains supported by several fundamental, on-chain, and technical factors.
Key points:
A new all-time high for XRP is in play, supported by rising institutional demand and bullish trader sentiment.
XRP's technical price, particularly the symmetrical triangle pattern, projects a 27% increase to $2.65.
Investors flood XRP investment products
XRP exchange-traded products (ETPs) recorded inflows of $245 million in the week ending December 5, "bringing year-to-date inflows to US$3.1bn, far exceeding the US$608m inflows seen in 2024," said CoinShares head of research James Butterfill in the latest Digital Asset Fund Flows Weekly report, adding: "ETP investors believe that negative sentiment may have reached its lowest point."
Crypto net flow data. Source: CoinShares
Meanwhile, spot XRP exchange-traded funds (ETFs) continued their perfect record of positive inflows, with $10.23 million on Friday marking 15 consecutive days of net inflows. Institutional demand for XRP investment products has not waned, according to data from CoinShares.
XRP spot ETF flow data. Source: SoSoValue
This series has driven cumulative inflows to nearly $900 million and total assets under management (AUM) to $861.3 million, according to data from SoSoValue.
"For 15 consecutive days, every US spot $XRP ETF has recorded green inflows, pushing total assets close to $900 million," crypto investor Giannis Andreou said in an X post on Monday, noting that more than 400 million XRP tokens are already locked in this investment product.
Andreou added:
“This is the kind of accumulation you typically see before a narrative shift occurs.”
As reported by Cointelegraph, the sustained inflow of XRP spot ETFs is likely to determine the future direction of XRP prices.
XRP symmetrical triangle breakout targets $2.65
Crypto Four-hour XRP/USD chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView shows XRP trading above a symmetrical triangle on the four-hour time frame, as shown in the chart below.
The price needs to close above the upper trend line of the triangle at $2.15 to continue the uptrend, with a measured target at $2.65. Such a move would bring the total gain to 27% from current levels.
"A breakout here could trigger a move of up to 16%, pushing the price towards the $2.40 zone."
As reported by Cointelegraph, a bullish daily close above $2.30 would confirm the breakout and potentially lead to a move toward $2.58 as long as support at $2 holds.
Disclaimer: I only make predictions and analyses. It is important for friends to always be careful when investing in cryptocurrency.
