XRP has surged over 7% this week, marking a significant bullish move. The launch of two new ETFs from Franklin Templeton and Grayscale, trading on NYSE Arca, has heightened institutional demand for the altcoin. The altcoin surpassed the crucial resistance level of $2.12, showcasing the strongest technical breakout in recent weeks. Amidst a general market sell-off, a fund inflow of $180 million into XRP indicates renewed interest from traditional finance.
Institutional Inflows Bolstered by ETF Launches
The simultaneous introduction of Franklin Templeton’s XRPZ and Grayscale’s GXRP ETFs has opened a new chapter for regulated XRP access in the US markets. Despite the billions of dollars exiting the cryptocurrency market, the intense inflow into XRP signals strategic rotation by institutional investors.
Franklin Templeton’s offer of fee exemption until reaching a $5 billion asset threshold by May 2026 has increased ETF liquidity and established strong opening volumes. Demand from professional trading desks in the initial hours supported the altcoin’s rise, reinforcing the persistence of its price movement.
With increased liquidity, XRP managed to break away from its long-held price structure under pressure. The confidence fostered by regulated products has revitalized interest in the asset among both US and global investors. This development allowed XRP to diverge positively from the broader market for the first time since summer 2024.
Seeking Durability Above Resistance
In technical analysis, XRP completed a long-awaited bull flag formation, breaking the resistance line at $2.12. With trading volume reaching 227.5 million coins, exceeding the 24-hour average by 162%, this confirms that the rise is fueled by strong accumulation. The price establishing a new equilibrium zone in the $2.21–$2.25 range underscores that the market-accepted value area is shifting upward. The RSI indicator signals an upward recovery without overheating, while rising dips at $2.02 and $2.04 support trend integrity.
In the short term, the $2.23 level stands out as the main support. Should buyers defend this area, closures above $2.30 could create new momentum. Technically, the $2.57–$2.75 range is monitored as the target zone following a channel breakout. The increase in volume profile and price acceptance area confirms that strong hands are enhancing their positions.