Crypto Price Action Picks Up Amid Institutional Demand

Ripple is holding onto its bullish bias despite softening on-chain activity. The remittance token broke out from $1.31 to highs at $1.48, but has since taken a breather and is trading near $1.45.

The path of least resistance remains upward, backed by a strengthening technical structure as major moving averages trail the spot price as it rises.

Meanwhile, Zcash has reached a nine-year high above $1,000, driven by growing institutional demand and increasing shielded supply.

Bitcoin is trading around $81,000, up over 4% this week, but awaits a key catalyst to determine its next move. Strong institutional demand supports the bullish price action, with spot BTC Exchange Traded Funds on track for a third straight week of inflows.