XRP Targets Historic Price Levels as Institutional Demand Surges

XRP's price has been stable around $1.41 in recent days, but analysts say it could be on the verge of a significant upward move.

A technical analysis by crypto analyst EGRAG CRYPTO suggests that XRP is currently in the fifth wave of a broader macro trend and is displaying a potential bullish continuation pattern.

The analysis highlights two key target zones: $6.19 to $8.07, where resistance could emerge, potentially triggering profit-taking, and $11.45, which represents a stronger Wave 5 extension.

The steady influx of capital into US spot XRP Exchange-Traded Funds (ETFs) has reached new highs, with $18.96 million in net inflows for the week, reflecting continued investor demand for regulated exposure to XRP.