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This technical pattern sets XRP’s price next stop

XRP has surged nearly 2% in a day, aligning with the broader market recovery. This rebound follows the completion of a correction phase, with technical indicators suggesting a potential bullish breakout. Despite the short-term gains, XRP remains under pressure. As of press time, the token was trading at $2.17, with a 12% decline over the past week and an almost 10% drop on the monthly time frame. However, technical indicators and institutional interest are fueling optimism for a potential reversal. XRP one-day price chart. Source: Finbold XRP’s path to a breakout According to analyst DarkDefender , XRP has finalized its correction on the four-hour timeframe, hinting at a potential shift in momentum. On the daily chart, the asset is showing signs of recovery, with key indicators pointing toward a possible trend reversal. XRP price analysis chart. Source: DarkDefender/X Notably, XRP has successfully broken above a crucial resistance , hinting at a bullish momentum. However, a decisive move above the Ichimoku Cloud remains key to confirming a sustained upside move. If XRP maintains its momentum, the next major target sits at $2.42, with a potential run toward $4.29 and $5.85. A failure to hold above key resistance levels could lead to another period of consolidation before the next breakout attempt. On the downside, support remains at $2.22 and $2.04. Market fundamentals boost optimism One of the biggest catalysts behind XRP’s latest rally is Franklin Templeton’s filing for a spot XRP ETF in the United States. With $1.5 trillion in assets under management, the firm’s move is widely seen as a major institutional endorsement of XRP’s long-term potential. Franklin Templeton joins an expanding list of financial giants, including Bitwise, Grayscale, and WisdomTree, in pushing for an XRP-based ETF. The market is reacting strongly, with the probability of a U.S. spot XRP ETF approval in 2025 surging to 73%, according to Polymarket. JPMorgan analysts estimate that if approved, an XRP ETF could attract between $3 billion and $6 billion in net inflows within its first year, injecting substantial buying pressure into the asset. The potential listing of an XRP ETF would further legitimize XRP as a mainstream investment vehicle, strengthening its market appeal to institutional investors. XRP sees rising institutional inflows amid market shifts XRP continues to attract institutional capital, standing out amid shifting market dynamics. While Bitcoin ( BTC ) recorded $756 million in outflows last week, XRP saw $5.6 million in inflows, according to CoinShares report . With institutional inflows rising and technical indicators signaling a bullish reversal, XRP’s ability to reclaim key resistance levels will be critical in determining whether it can sustain its upward trajectory. However, market volatility and supply-side factors continue to add layers of complexity to its performance, making the weeks ahead crucial for XRP’s long-term outlook. Featured image via Shutterstock The post This technical pattern sets XRP’s price next stop appeared first on Finbold . CoinOtag

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Ethereum Faces Potential Further Losses as Price Stays Below $2,000 Amid Increased Selling Pressure

Ethereum has entered a challenging phase, with its price dipping below $2,000, reflecting broader market uncertainties and impacting holders significantly. This downturn marks a pivotal moment for the altcoin, as CoinOtag