XRP bulls grow louder: What will spark the breakout toward $2.65?

cointelegraphPublished on 2025-12-08Last updated on 2025-12-08

Abstract

XRP price has increased by 3% in the past 24 hours and 15.5% from its November low, trading near $2.10. Analysts suggest a potential 27% rise to $2.65, supported by a symmetrical triangle breakout pattern. Institutional demand remains strong, with XRP investment products seeing $245 million in weekly inflows and spot XRP ETFs recording 15 consecutive days of net inflows, totaling nearly $900 million in cumulative inflows. On-chain data shows bullish trader sentiment, with positive funding rates and 72% of Binance accounts holding long positions. A sustained close above $2.15 could confirm upward momentum toward the $2.65 target.

XRP (XRP) price is up 3% in the past 24 hours and 15.5% from its Nov. 21 low to $2.10 on Monday. This sets it up for further gains backed by several fundamental, onchain and technical factors.

Key takeaways:

  • XRP’s new all-time highs are in play, backed by increasing institutional demand and bullish trader sentiment.

  • XRP price technicals, namely the symmetrical triangle, project a 27% rise to $2.65.

Investors pour into XRP investment products

Institutional demand for XRP investment products has not waned, according to data from CoinShares.

Related: XRP sentiment plummets, which could set token up for rally: Santiment

XRP exchange-traded products (ETPs) posted inflows totaling $245 million in the week ending Dec. 5, “bringing year-to-date inflows to US$3.1bn, far eclipsing the US$608m inflows seen in 2024,” CoinShares head of research James Butterfill said in its latest Digital Asset Fund Flows Weekly report, adding:

“ETP investors believe the current bout of negative sentiment may now have reached its bottom.”
Crypto funds net flows data. Source: CoinShares

Meanwhile, spot XRP exchange-traded funds (ETFs) continued their perfect record of positive flows, with $10.23 million on Friday marking 15 consecutive days of net inflows.

This streak has pushed cumulative inflows to nearly $900 million and the total assets under management (AUM) to $861.3 million, per data from SoSoValue.

Spot XRP ETF flows data. Source: SoSoValue

“For 15 straight days, every US spot $XRP ETF printed green inflows, pushing total assets close to $900M dollar,” said crypto investor Giannis Andreou in an X post on Monday, noting that over 400 million XRP tokens are already locked inside these investment products.

Andreou added:

“This is the kind of accumulation you usually see before a narrative shift.”

As Cointelegraph reported, sustained spot XRP ETF inflows will likely determine XRP’s next price trajectory.

XRP traders are leaning bullish

XRP price is expected to increase in tandem with the steady increase in interest among leverage traders as they continue to place new positions, indicating a rise in speculative momentum.

XRP’s daily funding rate has flipped positive to 0.0189% from 0.0157% a day prior, suggesting that most traders were taking long positions.

XRP OI-weighted funding rates. Source: CoinGlass

XRP’s ratio of long/short accounts on Binance is currently skewed toward bullish positions at 72%. While this heightened activity introduces liquidation risks, it underscores rising confidence in XRP’s upside.

XRP: Long/short accounts on Binance. Source: CoinGlass

Making a similar observation, analysts at trading platform Beacon said XRP traders on Hyperliquid are leaning bullish with 72% long worth $94.5 million in XRP against 28% short with $37.6 million exposure.

XRP symmetrical triangle breakout targets $2.65

Data from Cointelegraph Markets Pro and TradingView shows XRP trading above a symmetrical triangle in the four-hour time frame, as shown in the chart below.

The price needs to close above the upper trendline of the triangle at $2.15 to continue the upward trajectory, with a measured target of $2.65.

Such a move would bring the total gains to 27% from the current level.

XRP/USD four-hour chart. Source: Cointelegraph/TradingView

“A symmetrical triangle on the 1H chart shows XRP coiling tightly, said pseudonymous trader BD in an X post on Monday, adding,

“A breakout here could trigger a move of up to 16%, pushing the price toward the $2.40 zone.”

As Cointelegraph reported, a bullish daily close above $2.30 would confirm a break of structure and possibly lead to a move to $2.58 as long as support at $2 holds.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


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941 Total ViewsPublished 2024.04.01Updated 2024.12.03

What is XRP 2.0

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