XRP Rises Sharply as Institutional Investments Surge into New ETFs

XRP Price Surge: XRP has increased over 7% this week, breaking the resistance level of $2.12, driven by heightened institutional demand following the launch of new ETFs from Franklin Templeton and Grayscale.

Institutional Inflows: The introduction of the XRPZ and GXRP ETFs has led to significant fund inflows, with $180 million entering XRP, indicating a strategic shift by institutional investors despite a broader market sell-off.

Technical Analysis: XRP completed a bull flag formation, with trading volume significantly exceeding averages, suggesting strong accumulation and a potential new price equilibrium in the $2.21–$2.25 range.

Support Levels and Future Targets: The $2.23 level is identified as key support, with potential for further momentum if prices close above $2.30, while the $2.57–$2.75 range is being monitored as a target zone following a channel breakout.