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

▲ XRP (XRP)/AI generated image ©

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

According to investment media outlet FXStreet on May 13 (local time), even as sentiment across the broader virtual asset market remains subdued, XRP (Ripple) recorded approximately $5 million in spot ETF net inflows on Tuesday, extending its positive streak for three consecutive days. This follows roughly $6 million on Friday and $26 million on Monday, demonstrating consistent institutional preference, with cumulative inflows reaching $1.36 billion. This contrasts with other major coins experiencing outflows, indicating 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 has surged to 0.0105%, marking its highest level since March. This indicates that traders holding long positions are maintaining aggressive buying momentum, even paying premiums. Experts analyze that these indicators reflect the market's strong conviction about breaking $1.50, and assess that the dominance of buying forces is gradually strengthening.

From a technical analysis perspective, XRP has 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 demand without overheating, and the Moving Average Convergence Divergence (MACD) histogram also maintains a buy signal in the positive territory, supporting upward momentum. However, the $1.50 level, where the 100-day EMA coincides with a downtrend line, acts as a primary resistance barrier, making it crucial to break through this level with significant trading volume.

If XRP firmly establishes itself above the $1.50 resistance, the next target is expected to be the $1.71 level, where the 200-day EMA is located. Although the Crypto Fear & Greed Index has fallen to 42, indicating fear across the market, XRP, with its institutional capital and technical rebound signals, is charting a relatively superior recovery trajectory. Conversely, if the $1.42 support level breaks, it could fall to the Supertrend support near $1.33, requiring caution.

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

*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.*