🚀 XRP Eyes $2 Breakout as Institutional Money and Derivatives Strength Align
XRP is quietly building pressure just below a psychological milestone, and the setup is starting to look increasingly constructive. Trading around $1.92, the token continues to hold firm above key support at $1.90, a level that has become a short-term anchor for bullish momentum. After bouncing from $1.84 earlier in the week, buyers appear to be defending dips with growing confidence. 📈
What makes this consolidation interesting is what’s happening behind the scenes.
Institutional demand for XRP remains resilient, even as broader crypto markets wobble. Spot XRP ETFs saw over $9 million in fresh inflows on Tuesday, pushing cumulative net inflows to roughly $1.25 billion and assets under management close to $1.38 billion. That steady capital flow stands in sharp contrast to outflows seen in Bitcoin and Ethereum products during the same period. In other words, XRP is quietly attracting attention while others cool off. 💼
The derivatives market is echoing that optimism. XRP futures Open Interest has climbed to $3.45 billion, up from $3.29 billion a day earlier. Rising Open Interest alongside stable prices often signals that new positions are being built rather than old ones being closed a potential sign of growing conviction among traders. 🔥
Technically, momentum is trying to turn. The daily RSI has climbed to 45, suggesting bearish pressure is fading. A push above the neutral 50 level would strengthen the case for a sustained move higher. The next big test sits at $2.00, followed closely by the 50-day EMA near $2.02. A clean break above this zone could open the path toward $2.15 and $2.28, where longer-term moving averages signal heavier resistance.
For now, XRP isn’t exploding it’s coiling. And markets often reward patience just before momentum returns.
