XRP Price Eyes Key Breakout Above $1.10 as ETF Inflows Soar

The XRP price has been holding steady at $1.05, a key support area for buyers attempting to regain momentum. According to EGRAG CRYPTO, the price structure remains bearish with lower highs intact.

However, analysts believe that reclaiming $1.083 and securing a strong close above $1.10 would confirm renewed bullish momentum. In this scenario, XRP could potentially head towards technical objectives of $1.14, $1.183, $1.20, and even $1.30 if buying interest persists.

The recent investments in XRP ETFs have exceeded the $1.5 billion mark, highlighting strong institutional demand for the asset. Bitwise customers invested $7.1 million in XRP ETFs in the latest trading period, while Franklin customers added $576,000. These inflows are seen as a positive sign for the crypto's long-term adoption.