XRP Smiled Alone as Bitcoin and Ethereum Saw Outflows, Is Breaking $1.50 a Matter of Time?

▲ XRP/AI Generated Image ©

XRP (Ripple) has reclaimed the $1.46 level, driven by institutional capital inflows that differentiate it from Bitcoin and Ethereum, and is now actively gearing up to break past the $1.50 resistance level.

According to investment specialized media FXStreet on May 13 (local time), even as the overall sentiment in the virtual asset market contracted, XRP (Ripple) recorded a net inflow of approximately $5 million in spot ETFs on Tuesday, continuing its positive streak for three consecutive days. This is the result of consistent institutional preference, following approximately $6 million on Friday and $26 million on Monday, bringing the cumulative inflow to $1.36 billion. This contrasts with other major coins that have seen outflows, demonstrating that strong institutional buying is powerfully supporting XRP's short-term resilience.

Strong bullish signals are also being detected in the futures market. The weighted funding rate for open interest soared to 0.0105%, reaching its highest level since March, which is evidence that traders holding long positions are maintaining aggressive buying pressure even at a cost. Experts analyze that these indicators reflect the market's strong confidence in breaking $1.50 and assess that the dominance of buying forces is gradually strengthening.

From a technical analysis perspective, XRP has currently formed a stable base above its 50-day Exponential Moving Average (EMA) at $1.42. The Relative Strength Index (RSI) hovering around 60 indicates healthy, non-overheated demand, and the Moving Average Convergence Divergence (MACD) histogram also maintains a buy signal in positive territory, supporting upward momentum. However, the $1.50 area, corresponding to the 100-day EMA and coinciding with a downtrend line, acts as the primary resistance barrier, making it crucial to break through this level with significant trading volume.

If XRP firmly settles above the $1.50 resistance line, the next target price is expected to be the $1.71 level, where the 200-day EMA is located. Although the virtual asset fear and greed index has fallen to 42, indicating widespread fear in the market, XRP, with its institutional funding and technical rebound signals, is charting a relatively superior recovery trajectory. Conversely, if the $1.42 support line breaks, it could fall to the SuperTrend support line near $1.33, requiring caution.

In conclusion, XRP is leading the altcoin market's rebound, backed by strong institutional spot ETF inflows. Experts note that despite short-term volatility, key indicators are uniformly pointing upwards. Whether XRP breaks $1.50 will be a crucial key in determining the direction of its future mid-to-long-term rally, and investors are advised to closely monitor the sustainability of buying pressure and the timing of the resistance breakout.

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