Trader Peter Brandt suggests that technical analysis of XRP charts supports a bullish outlook, independent of community sentiment. He identifies a potential long-term target of $5.40 based on historical resistance and support levels. Currently, the asset is trading at approximately $1.52.
Other market analysts have noted an inverse head-and-shoulders pattern with a neckline near $1.55. A successful breakout from this formation could potentially drive the price toward the $2 mark. However, experts highlight that the asset must first overcome resistance near $1.60.
On-chain data indicates significant activity from large holders, who have accumulated approximately 470 million tokens valued at roughly $724 million over a five-day period. This trend reflects growing confidence among major market participants.
Institutional interest remains strong, with U.S. spot XRP ETFs recording eleven consecutive weeks of net inflows. The cumulative total for these products has reached nearly $1.79 billion, with recent weekly additions averaging $75 million despite broader market fluctuations.
