Risk-on sentiment made a comeback in the altcoin market following Trump’s announcement of a 90-day global tariff pause, with XRP exchange-traded products standing out by attracting fresh retail liquidity. According to a report by CoinShares, while funds linked to Ethereum and Solana experienced outflows of $38 million and $5 million, respectively, a newly launched leveraged XRP ETF saw an influx of $3.5 million. Despite the broader bear market, XRP has achieved a remarkable 25% increase from its recent lows, reasserting its position in the best cryptocurrencies to invest in.
### Can XRP Sustain Its Growth?
James Butterfill, Head of Research at CoinShares, highlighted that institutions have yet to view this as an opportunity. The complete potential of the ETF launch might not be fully reflected in XRP’s price predictions as institutional investors remain cautious amidst ongoing market uncertainties. However, a shift in sentiment could be on the horizon as XRP appears poised for a breakout from a falling wedge pattern that has dominated its trend for several months.
The Relative Strength Index (RSI) nears a neutral 48, indicating reduced selling pressure, while the Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, a sign often associated with trend reversals. A successful breakout could signal the start of significant recovery, potentially leading to a 75% surge towards a $3.80 target, contingent on sustained demand, including the approval of spot XRP ETFs.
🚀 #XRP leads as the top altcoin by the number of ETF applications submitted! 🇺🇸 Rising institutional interest shines a light on Ripple’s growing influence in mainstream finance. #Cryptocurrency #Investing [Link to tweet]
