XRP Price Eyes Breakout Toward $1.60 as ETF Inflows Boost Bullish Outlook

XRP's price has been showing signs of a bullish reversal after an extended period of weakness. According to crypto analyst Ali Charts, XRP broke above a series of important resistance levels and is now trading at $1.41720, higher than several major moving averages.

The current price setup is distinct from the preceding pattern, with XRP making a strong recovery from its summer lows and breaking out of the $1.35-$1.36 support zone. The 24-hour trading volume jumped by 139.42%, equivalent to $3.71 billion, indicating growing interest in the current price movement.

The Relative Strength Index (RSI) has also moved out of the overbought territory into 58.37, suggesting room for further momentum. ETF inflows have added institutional interest, with Wall Street adding $18.98M worth of XRP exposure in recent weeks.

While a break above $1.38 will be crucial for the bulls, traders are watching for sustained momentum and confirmation that the broader trend has shifted in favor of the bulls. If buyers maintain control, XRP could potentially advance toward the $1.60 level.