XRP News: Price Dips 5%, but $4.40 Target and ETF Hopes Fuel Optimism

XRP fell 5.20% in the last 24 hours to $3.10, with a 24-hour trading volume of $15.41 billion. 

Despite the dip, XRP has gained 21.47% over the past week, driven by rising optimism in the crypto market.

The decline follows U.S. President Donald Trump’s announcement of Mark Uyeda as the acting Securities and Exchange Commission (SEC) Chair. Uyeda, known for his pro-crypto stance, replaced Gary Gensler, who resigned earlier this week. 

Many in the crypto community speculate that Uyeda’s appointment could lead to the SEC dropping its appeal in the Ripple case, a move that could benefit XRP.

XRP Sees Strong Investment Inflows

XRP investment products recorded $31 million in net inflows, bringing total inflows since mid-November to $484 million. These flows indicate increased institutional interest, even without U.S. investor participation.

Analysts project that XRP spot ETFs could attract substantial capital if approved by the SEC. Standard Chartered estimates that XRP ETFs could generate inflows between $4.3 billion and $8.4 billion within six to twelve months of their launch, signaling potential for massive adoption.

Bullish Flag Breakout Targets $4.40

Crypto analyst Ali (@ali_charts) highlighted a bullish flag breakout on XRP’s chart, projecting a potential move to $4.40. The pattern saw XRP consolidate within downward-sloping trendlines before breaking out above $3.35, confirming bullish momentum.

Key Fibonacci levels include $2.90 (0.618 retracements) as support, with interim resistance at $3.69 (1.272 extensions) and $4.16 (1.618 extensions). 

The breakout target aligns with the 1.786 Fibonacci extension at $4.40, which could act as the next price goal if momentum sustains.

Mixed Market Sentiment and Futures Data

The XRP Long/Short Ratio Chart shows 49.35% long positions and 50.65% short positions, with a long/short ratio of 0.9743, indicating a slightly higher bearish sentiment. This imbalance could create short-term volatility in XRP’s price action.

Futures data from Coinglass reflects mixed signals. Open interest declined by 7.28% to $6.63 billion, while options open interest rose by 9.81% to $2.96 million, suggesting speculative positioning around XRP. 

Trading volume in futures fell by 2.79% to $22.64 billion, reflecting lower activity compared to previous periods.

XRP continues to exhibit strong bullish sentiment despite short-term price declines, with the focus on institutional inflows and regulatory clarity driving optimism.

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