XRP Hits Bull Flag Target Amid ETF Surge & Institutional Demand

XRP’s market momentum accelerated dramatically this week as the cryptocurrency hit a precise bull flag target identified by prominent trader @kriptocumm. The trader’s analysis, shared on November 22, identified a textbook flag pattern with support at $1.8810 and a breakout requirement above $1.92. Using the pole height of roughly $1.37 added to the breakout point, he calculated a target of $2.1076.

On November 24, XRP rallied past $2, coming within striking distance of the projected level before stabilizing near $2.055. The move was accompanied by a significant surge in trading volume, which jumped to $3.85 billion, reflecting heightened market participation and validating the breakout structure. Technical indicators remained tilted bullish, with RSI at 62 and a positive MACD crossover suggesting further upside potential.

XRP’s technical breakout arrived during one of its strongest weeks of institutional interest to date. Franklin Templeton’s newly approved spot XRP ETF (XRPZ) debuted on the NYSE with projected first-day volumes of up to $30 million. The fund’s aggressive fee-waiver strategy—0% on the first $5 billion until May 2026—has already drawn significant investor attention.

Grayscale also launched its XRP Trust ETF (GXRP) with a temporary 0% fee, expanding access for traditional market participants seeking regulated exposure. Both products entered the market as XRP recorded $179.6 million in weekly inflows, sharply contrasting with heavy outflows from Bitcoin and Ethereum ETFs. This rotation signals a shift toward altcoins with clearer catalysts and strengthening fundamentals.

Beyond technical and institutional factors, growing utility narratives continue to enhance XRP’s appeal. Analyst CryptoSensei recently reiterated explosive price projections, conditional on supply constraints, while pointing to rising institutional adoption, expanding treasury use, and new stablecoin-related integrations as key pillars for long-term growth.

Meanwhile, Ripple’s new Asian banking partnership and ongoing XRPL scalability upgrades are adding further confidence to XRP’s fundamental outlook. These developments, combined with the recent ETF launches and technical breakout, create a powerful convergence of positive factors driving XRP’s market performance.

With momentum building on both technical and institutional fronts, traders now look toward the next major resistance levels as the market gauges whether XRP can sustain its powerful new trend. The successful achievement of the bull flag target at $2.1076, combined with strong institutional inflows and multiple ETF launches, suggests the cryptocurrency may be entering a new phase of market participation.

The contrast between XRP’s $179.6 million in weekly inflows and the outflows from Bitcoin and Ethereum ETFs indicates a potential shift in institutional preference toward assets with clearer growth narratives and expanding utility. As technical indicators remain bullish and institutional interest continues to build, market participants are watching closely to see if XRP can maintain its upward trajectory and challenge higher resistance levels in the coming weeks.