XRP Price Eyes Major Breakout as ETF Inflows Hit Three-Day High

XRP's price has been drawing attention in recent days, according to an analyst who maintains his short-term technical outlook for the asset. The analyst notes that XRP is currently trading at $1.41, with a decline of 0.93% in the last 24 hours and a market capitalization of $88.66 billion.

However, the analyst also points out that U.S. spot exchange-traded funds (ETFs) have recorded three consecutive days of positive net inflows, with a daily traded value of $85.90 million on August 27. The total net assets of these ETFs stand at $1.49 billion.

The analyst's short-term tracker identifies $1.15-$1.20 as a major structural retest zone for XRP, which combines horizontal support and the structure's lower boundary. He projects that if the price reaches this level, it could recover before testing the $1.63-$1.65 range.

A breakout condition would be met if the full weekly body closes above $1.65, prompting a reassessment at higher levels. In this scenario, $1.80 becomes the next major upside checkpoint for XRP's price.