XRP's Cup-and-Handle Setup Hinges on Fading Institutional Demand

Ripple's XRP has been tracing a textbook cup-and-handle formation on the daily chart since July 21, with $1.15 as the breakout trigger and $1.21 as the pattern target.

The setup looks clean, but there's a central tension shaping the XRP trade: the gap between the chart structure and the capital supporting it is drying up.

According to CoinGlass data, spot XRP ETF monthly inflows have collapsed from $131.94M in May to just $12.43 million in July, the weakest month on record.

The institutional demand for XRP has weakened, as ETF inflows typically indicate professional buyers' interest.