XRP It rose over 7 percent, making the most remarkable rise of the week. The launch of two new ETFs issued by Franklin Templeton and Grayscale to be traded on NYSE Arca increased institutional demand for the altcoin. The altcoin broke through the key resistance level at $2.12, making the strongest technical breakout in recent weeks. While selling pressure continued throughout the market, the $180 million fund directed to XRP showed that the interest in traditional finance has increased again.
Institutional Inflows into XRP Increased with ETF Launches
Franklin TempletonThe simultaneous launch of ‘s XRPZ and Grayscale’s GXRP ETFs has opened a new chapter for regulated XRP access in the US markets. Despite the billions of dollars of outflow from the cryptocurrency market, the intense inflow seen on the XRP side indicated that institutional investors were making a strategic rotation.
Franklin Templeton’s offer of fee waivers up to the $5 billion asset threshold, valid through May 2026, increased ETF liquidity and generated strong volume at the open. Demand from professional trading desks in the first hours altcoinIt strengthened the permanence of the price movement by supporting the rise in .
With the increase in liquidity, XRP managed to break the price structure that had been under pressure for a long time. The atmosphere of confidence created by regulated products has revived interest in the asset in both the US markets and the global investor base. The development led to XRP’s positive divergence from the overall market for the first time since the summer of 2024.
Seeking Persistence Above Resistance
In technical analysis, XRP has been followed for weeks. bull flag formationIt completed and broke the resistance line above $2.12. Transaction volume reached 227.5 million coins, 162 percent above the last 24-hour average, confirming that the rise was fueled by strong accumulation. The fact that the price has formed a new balance zone between 2.21 and 2.25 dollars shows that the accepted value area in the market has moved up. RSI While the indicator signals an upward recovery from overheating, the rise of the bottoms at $ 2.02 and $ 2.04 supports trend integrity.
In the short term, the $2.23 level stands out as the main support. If buyers protect this area, closings above $2.30 may create new momentum. Technically, the $2.57–2.75 band is watched as the target area after the channel breakout. The increase in the volume profile and price acceptance area confirms that strong hands are increasing positions.
