Ripple\u2019s cross-border token posted a modest 3% daily gain, which was enough for analyst Ali Martinez to suggest it \u201cappears to be breaking out\u201d and to predict a much larger increase.<\/p>\n
Meanwhile, institutional interest in the asset remains solid and could indeed set the stage for a further upside.<\/p>\n
Less than a month ago, XRP surged to almost $1.70 but quickly lost momentum and currently trades at around $1.39 (per CoinGecko). Still, Martinez argued<\/a> that the ongoing setup may be more bullish than it seems. He said a sustained close above $1.38 would confirm a breakout and could open the door to a rally toward $1.60.<\/p>\n It is important to note that he hasn\u2019t been entirely positive about XRP lately. Just a few days ago, he claimed<\/a> that the asset\u2019s pullback from the local top to around $1.35 was likely driven in part by profit-taking, with whales selling or redistributing around 90 million units in a week. He also warned that network activity has fallen sharply, with daily active addresses down more than 90%.<\/p>\n Other market observers who have recently given their two cents include X user STEPH IS CRYPTO and Crypto Bitlord, as both stand in the bulls\u2019 corner. The former noted<\/a> the formation of a \u201ccup and handle\u201d pattern on XRP\u2019s price chart and projected a potential ascent to $2.50.<\/p>\n The latter was even more optimistic, suggesting<\/a> that the asset\u2019s volatility appears to be stabilizing. The analyst said they are 99% certain that a push toward $2 is coming next, followed by an explosion to a new all-time high.<\/p>\n Growing institutional demand may support the bullish long-term outlook for XRP. Recently, spot XRP ETFs smashed<\/a> another all-time high, with total net inflows reaching $1.7 billion.<\/p>\n Last week was the ninth consecutive one that finished in the green, attracting nearly $19 million. Companies that have launched such products so far include Bitwise, Franklin Templeton, Canary Capital, 21Shares, and Grayscale. Bitwise has attracted $608 million to date, while Canary Capital ranks second with roughly $490 million.<\/p>\n Meanwhile, T. Rowe Price recently updated<\/a> its crypto ETF filing, which will enable exposure to multiple digital assets. Following the amendment, XRP sits at a 9.15% weight, while Bitcoin (BTC) leads at 39.54%.<\/p>\n For its part, Exchange Listed Funds Trust filed the \u201cCYBER HORNER S&P 500\u00ae and XRP 75\/25 Strategy ETF\u201d with the SEC. If the watchdog approves it, the investment vehicle will let investors gain exposure to both the stock market and Ripple\u2019s native cryptocurrency in a 75\/25 ratio.<\/p>\n The post Ripple on the Move: Is XRP Ready for a Double-Digit Pump?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s cross-border token posted a modest 3% daily gain, which was enough for analyst Ali Martinez to suggest it \u201cappears to be breaking out\u201d and to predict a much larger increase. Meanwhile, institutional interest in the asset remains solid and could indeed set the stage for a further upside. Ready for a Big Jump? Less […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-227168","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/227168"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=227168"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/227168\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=227168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=227168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETFs Keep Impressing<\/h2>\n