Quietly accumulating institutional buying... Is XRP chart on the verge of explosion?

▲ XRP (XRP)/AI generated image ©

While XRP (XRP, Ripple) holds at the $1.36 mark, the price is sluggish, but institutional funds and the expansion of real-world asset tokenization are accelerating, raising expectations for a short-term breakthrough.

According to investment media TradingNews on April 29 (local time), XRP traded in the $1.36-$1.39 range, entering its strongest price compression zone in the past two months. It recorded a 0.86-1.11% decline over 24 hours and -5.7% over 7 days. Its market capitalization was recorded at $84.17 billion, and trading volume at around $2 billion.

Technically, a symmetrical triangle pattern has formed, entering a directional decision zone. The key turning point is $1.39, and a breakout above $1.46 with strong volume could open a path to $1.50, followed by $1.61. Conversely, a fall below $1.32 could collapse the bullish structure, with potential declines to $1.20 and even deeper to $1.13. While the Average Directional Index indicates a lack of trend, the Supertrend indicator has turned bullish, and the possibility of a golden cross between the 50-day and 100-day moving averages was also mentioned.

In contrast to price movements, underlying fundamentals are strengthening. The total value of tokenized real-world assets (RWA) on the XRP Ledger (XRPL) has increased by 59% in just 30 days, surpassing $3 billion, with some estimates suggesting an expansion to $3.75 billion. Notably, XRPL-based tokenized US Treasury bonds have surged from approximately $50 million a year ago to $418 million, demonstrating actual institutional capital inflow.

Institutional demand also showed a clear turnaround. XRP spot ETFs recorded a net inflow of $83.83 million in April, completely reversing the $31.16 million net outflow in March. Total assets under management expanded to $1.05 billion - $1.38 billion, and the New York Stock Exchange submitted documents listing XRP as an eligible commodity trust asset, increasing its potential for institutional integration.

However, short-term variables remain a burden. In a market structure that moves with Bitcoin, Federal Reserve policies, surging oil prices, and rising long-term US interest rates are pressuring risk assets across the board. Experts diagnose that a bullish scenario is valid above $1.32, but a strategy of confirming a full trend reversal after breaking above $1.46 is effective.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*