XRP Price Recovery Hinges on Sustained Institutional Inflows

XRP's price has been under pressure due to losing its bullish structure, but analysts see this as an opportunity for accumulation. The renewed interest from institutions through XRP ETFs is improving sentiment and sustained inflows could strengthen the token's prospects for a major long-term recovery.

The current price of $1.04 with a 24-hour trading volume of $1.03 billion and a market capitalization of $65.15 billion suggests that the correction may be nearing its end, according to Crypto Patel. The XRP price has declined around 72% from its cycle peak and 52% from the breakdown zone.

The influx of institutional investments made by Franklin Templeton and Bitwise totaling $3.45 million for XRP ETFs is a positive development that may have a significant impact on market sentiment. This could be a key catalyst for the XRP price in the coming trading periods if such flows persist in positive territory.

Investors are looking to determine whether the selling has been exhausted, with the accumulation area of $0.85-$0.65 being closely monitored. Continued buying by institutions would enhance XRP's potential for rebound, while continued selling would delay the move to higher levels.