INSUBCONTINENT EXCLUSIVE:
Key takeaways:Increasing institutional demand for XRP ETPs and persistent whale accumulation back the bullish case for XRP price.XRP must
close above $2.30 on the daily chart to secure a push toward $3.XRP (XRP) price displayed indecision on Monday, down 0.8% over the last 24
hours to trade at $2.17.XRP price remains above $2.00 at the time of writing, as several analysts highlight the key resistance levels that
must be broken on the path toward new all-time highs.Investors increase exposure to XRP investment productsInstitutional demand for XRP
investment products is increasing, according to data from CoinShares.Related: XRP price saw month-long 420% rally the last time this metric
turned greenXRP exchange-traded products (ETPs) posted inflows of $10.6 million in the week ending Friday, bringing their inflows for the
first half of the year to $219 million.Crypto funds net flows data (as of May 30)
Source: CoinSharesOther top-cap altcoins such as Bitcoin (BTC), Ether (ETH), and Solana (SOL) recorded net inflows of $2.2 billion, $429.1
million, and $5.3 million, respectively, indicating increased institutional appetite for XRP.CoinShares head of research James Butterfill
since then.Percentage of addresses holding between 1M and 10M XRP
This may suggest that larger holders, often viewed as more patient or strategic investors, are steadily accumulating positions in
anticipation of further gains.XRP key price levels to watchXRP must flip the $2.60 resistance level into support to target higher highs
This is where all the major simple moving averages (SMAs) sit: the 100-day SMA at $2.20, the 50-day SMA at $2.25, and the 200-day SMA at
average prices (VWAPs) from every swing point over the last four months, along with the 160-day downtrend spanning back to the seven-year
bears will attempt to keep the $2.20 resistance in place to increase the likelihood of pulling the price below $2.15
The immediate target below this is the psychological level at $2.00.The next key area of interest below that remains between $1.95 and the
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
