Key points
- XRP has overtaken BNB to become the third-largest cryptocurrency by market capitalization.
- The token could rally to the $2.30 resistance level in the short term.
XRP rises above $2.10
XRP, the native token of the Ripple ecosystem, has gained about 13% over the past seven days, outpacing Bitcoin and Ether during this period. This advance is driven by both institutional and retail demand lifting prices.
US-listed spot XRP ETFs recorded $43 million of inflows last week. Data show that since their launch in November, these funds have maintained steady weekly flows, indicating growing interest from institutional investors.
The five XRP ETF products logged roughly $13.6 million of inflows on Friday, bringing cumulative net inflows to $1.18 billion and total net assets to $1.37 billion.
Retail interest in XRP is also gradually returning after the token’s weak performance in December. Coinglass data indicate XRP futures open interest rose to about $3.8 billion on Monday from $3.6 billion the previous day, after averaging $3.3 billion on Thursday—a sign that retail demand is recovering slowly.
XRP targets a breakout above $2.30
The XRP/USD 4-hour chart looks bullish and well-structured, reflecting the token’s strong recent performance. At the time of writing, XRP trades around $2.12, above the 50-period EMA support at $2.05.
The daily moving average convergence divergence (MACD) shows a positive outlook, with green histogram bars extending above the signal line.
The relative strength index (RSI) sits near 75 and rising, supporting the bullish case for XRP. Continued RSI strength would push the token further into overbought territory.
If the bullish momentum continues, XRP could advance toward near-term resistance levels represented by the 100-day EMA at $2.22 and the 200-day EMA at $2.34. Conversely, failure to sustain upward movement could see XRP retest the psychological $2.00 level.