XRP Hits Exact Bull Target as Top Traders Celebrate Perfect Market Call

XRP’s 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 comes amid a wave of institutional inflows, multiple ETF launches, expanding utility, and renewed optimism from analysts who believe XRP is entering a powerful new phase of market participation.Technical Breakout: Bull Flag Target AchievedA precise technical call from trader @kriptocumm caught the attention of XRP traders after the asset reached the exact bull flag target he outlined earlier in the week.KripTocuM’s analysis, shared on November 22, identified a textbook flag pattern with support at $1.8810 and a breakout requirement above $1.92. Using the pole height of roughly $1.37 added to the breakout point, he calculated a target of $2.1076.On November 24, XRP rallied past $2, coming within striking distance of the projected level, before stabilizing near $2.055. Trading volume jumped to $3.85 billion, reflecting heightened market participation and validating the breakout structure.Indicators remained tilted bullish, with RSI at 62 and a positive MACD crossover suggesting further upside potential.XRP ETF Momentum Pushes Institutional Demand HigherXRP’s move arrives during one of its strongest weeks of institutional interest to date. Franklin Templeton’s newly approved spot XRP ETF (XRPZ) debuted on the NYSE with projected first-day volumes of up to $30 million.The fund’s aggressive fee-waiver strategy, 0% on the first $5 billion until May 2026, has already drawn investor attention.Grayscale also launched its XRP Trust ETF (GXRP) with a temporary 0% fee, expanding access for traditional market participants seeking regulated exposure.Both products entered the market as XRP recorded $179.6 million in weekly inflows, sharply contrasting heavy outflows from Bitcoin and Ethereum ETFs. Analysts say this rotation signals a shift toward altcoins with clearer catalysts and strengthening fundamentals.Analysts See Expanding Utility and Long-Term UpsideGrowing utility narratives continue to enhance XRP’s appeal. CryptoSensei recently reiterated explosive price projections, conditional on supply constraints, while pointing to rising institutional adoption, expanding treasury use, and new stablecoin-related integrations as key pillars for long-term growth.Meanwhile, Ripple’s new Asian banking partnership and ongoing XRPL scalability upgrades are adding further confidence to XRP’s fundamental outlook.With momentum building on both technical and institutional fronts, traders now look toward the next major resistance levels as the market gauges whether XRP can sustain its powerful new trend.Cover image from ChatGPT, XRPUSD on TradingviewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC