XRP Price Surges on Bullish Flag Pattern, Crypto Market Rally

XRP has been on the rise for two consecutive days, reaching its highest level since Tuesday and climbing 15% from this week's low.

This rebound could continue due to the token forming a bullish flag pattern and rising inflows into its exchange-traded funds (ETFs).

The crypto market rally has intensified, with Bitcoin crossing the important resistance level of $81,000 and Ethereum jumping above $2,600. The market capitalization of all cryptocurrencies has jumped to $2.8 trillion, while the Altcoin Season Index continues to soar.

XRP's fundamentals are also improving, as spot XRP ETFs have continued to add assets this week, a sign that American retail and institutional investors expect it to keep rising.