XRP Price Soars on Technical Momentum and ETF Inflows
XRP's price has been showing renewed bullish momentum after breaking out of its long-term downtrend. The digital asset's technical conditions are improving, and market participation is increasing, supporting a positive outlook.
The 24-hour trading volume has risen by 79.53% to $2.40 billion, with an open interest increase of 1.49% to $2.89 billion, according to Coinglass figures. Whale Insider data also shows net inflows of $18.98 million into XRP ETFs in the past week.
MikyBullCrypto has predicted a potential price range of $5-$7 for XRP, but this is still speculative and not a guarantee. The technical setup for XRP remains positive, with moving averages above the 20-day exponential moving average at $1.35889 and the 200-day EMA at $1.35485.