XRP Soars on Institutional Flood: $2.50 Target Within Reach?

A massive influx of institutional capital has propelled XRP to new heights, breaking past the $4,500 barrier and surpassing a record-breaking $164 million in inflows from newly launched ETFs. This surge, fueled by Grayscale and Franklin Templeton’s groundbreaking launches, represents a significant confidence boost for the asset, causing an impressive price jump of nearly 15% in just 48 hours. However, while XRP currently trades at $2.24, it faces a crucial test – the $2.28 resistance level, which has historically proved to be a formidable obstacle.