XRP has surged past the $2.20 threshold, signaling a robust technical recovery. The recent price rise was supported by a surge in institutional demand for two newly launched XRP ETFs by Franklin Templeton and Grayscale. The ETFs attracted a total inflow of $164 million on their first trading day, indicating a significant shift in traditional capital’s access to XRP.
Institutional Interest in XRP Intensifies
Franklin Templeton’s XRPZ and Grayscale’s GXRP launched on NYSE Arca, triggering a surge in institutional interest in the XRP market. Both ETFs drew over a hundred million dollars in inflows on their first day, marking the introduction of long-awaited compliant access channels. This development ends a period where large investors had limited direct access to XRP outside OTC markets. The inflow following the intense selling pressure in early November suggests the market is rebalancing institutionally and investor confidence is recovering.
From a technical standpoint, the upward movement began after three consecutive “rising lows” formed at the $2.15 support level. This pattern confirmed the end of the selling cycle and the emergence of a strong demand zone. Particularly, an 81% increase in trading volume on the last trading day indicated a resurgence of institutional participation. The movement of 117.7 million against an average of 65 million coins demonstrated professional buying over individual-driven fluctuations.
Strong Technical Setup Targets $2.60
The XRP chart maintains an expanding rising wedge pattern that often suggests a continuation of the upward trend. As long as prices remain above $2.15, targets of $2.35 and $2.60 remain in view. The $2.00 psychological threshold acts as a key support to ensure the continuation of the overall uptrend.
In the last trading session, prices traded between $2.20–$2.26, marking a 1.4% increase. Sudden buy orders of 2.1 million coins in four-minute increments indicated a transition from passive accumulation to an active breakout strategy. By session’s end, XRP closed around $2.23, emerging as a strong technical position in favor of buyers.
In the short term, breaking above the $2.25–$2.35 range will be crucial for momentum continuation. Otherwise, a price retreat to $2.15 and a search for equilibrium may be anticipated. The institutional foundation provided by the ETF entries secures the price’s lower limits, while the chart setup indicates potential for another expansion wave.