XRP market momentum accelerated this week as the cryptocurrency hit a key bullish target identified by a prominent trader, reinforcing growing confidence across the community.
The surge follows a wave of institutional inflows, multiple ETF launches, growing utility and renewed optimism among analysts that XRP is entering a powerful recent phase of market share.
XRP's price trends to the downside on the daily chart. Source: XRPUSD on Tradingview
Technical breakthrough: Bull flag goal achieved
A precise technical call from a salesperson @kriptocumm caught the attention of XRP traders after the asset hit the exact target bull flag level he outlined earlier in the week.
KripTocuM analysis, released on November 22, identified a textbook flag pattern with support at $1.8810 and a breakout requirement above $1.92. Adding a pole high of around $1.37 to the breakout point, he calculated a target of $2.1076.
On November 24, XRP rose above $2, approaching the predicted level, before stabilizing near $2,055. Trading volume increased to $3.85 billion, reflecting increased market participation and confirming the breakout structure.
The indicators remained in a bullish trend, RSI at 62 and a positive MACD intersection suggesting further growth potential.
XRP ETF momentum boosts institutional demand
XRP’s move comes during one of its biggest weeks of institutional interest yet. Franklin Templeton’s newly approved XRP spot ETF (XRPZ) debuted on the Modern York Stock Exchange with expected first-day volume of up to $30 million.
The fund’s aggressive fee-free strategy of 0% on the first $5 billion through May 2026 has already attracted investor attention.
Grayscale has also launched its version XRP Trust ETF (GXRP) with a short-lived 0% fee, expanding access to established market participants seeking regulated exposure.
Both products entered the market as XRP recorded weekly inflows of $179.6 million, contrasting sharply with vast outflows from Bitcoin and Ethereum ETFs. Analysts say this rotation signals a shift towards altcoins with clearer catalysts and strengthening fundamentals.
Analysts are looking at utility development and long-term growth
Growing utility narratives continue to escalate the attractiveness of XRP. CryptoSensei recently reiterated soaring price forecasts driven by supply constraints, while pointing to growing institutional adoption, greater operate of treasury funds, and recent stablecoin integrations as key pillars for long-term growth.
Meanwhile, Ripple’s recent partnership with Asian banking and ongoing improvements to XRPL’s scalability add further credence to XRP’s fundamental prospects.
With momentum gaining on both the technical and institutional fronts, investors are now looking towards the next major resistance levels as the market assesses whether XRP can sustain its powerful recent trend.
Cover photo from ChatGPT, XRPUSD on Tradingview
