XRP Analysis: Technical Patterns Point to Potential Break Above $3.5, Driven by Institutional Investment

XRP is showing signs of a potential breakout above the $3.5 resistance level, driven by technical patterns and increasing institutional buying activity. Chart analysis reveals a corrective pattern within a descending channel, with key support levels identified. The weekly Stochastic RSI shows oversold conditions, aligning with historical momentum that preceded strong XRP rallies in the past. 15.82 million institutional ETF inflows during recent price dips further indicate confidence from large players.