XRP Price Surges on Strong Institutional Demand and Bullish Technical Forecasts

XRP has been on a tear in recent weeks, driven by sustained inflows into spot exchange-traded funds (ETFs), increased accumulation by large holders, and bullish technical forecasts from market analysts.

The cryptocurrency has been trading around the $1.50 level after a broader market recovery pushed it higher in September, according to data cited by News.Az.

One of the key factors supporting XRP's price growth is continued demand for US spot XRP ETFs. Data from SoSoValue shows that the five US spot XRP ETFs attracted $22.65 million in net inflows on September 25, taking cumulative net inflows to approximately $1.79 billion.

Institutional demand for XRP-related investment products has remained resilient even during periods of broader cryptocurrency market volatility.

The market rally has coincided with increasingly bullish technical forecasts, including a long-term chart published by veteran trader Peter Brandt suggesting that the cryptocurrency could eventually reach $5.40 by next year.