XRP Eyes 12% Breakout Amid Institutional ETF Inflows
XRP is consolidating within a falling channel handle, setting up for a potential 12% breakout if institutional demand pushes the pattern over the neckline. According to BeInCrypto, spot ETF inflows and reduced exchange selling pressure are supporting this setup, with $65 million in institutional inflows over two weeks. The Smart Money Index shows informed traders are rebuilding positions, while exchange-bound supply dropped 63% in a day. XRP trades at $1.42, with key resistance levels at $1.44 and $1.51, crucial for confirming the breakout.
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