Ripple Stronger than Bitcoin... Institutional Funds Pouring In, $1.60 Resistance Line in Sight

▲ XRP (XRP)/AI generated image ©

XRP (Ripple) rose to $1.54, recording a significantly higher growth rate than Bitcoin (BTC). Rather than a single positive catalyst, institutional demand through a US spot XRP Exchange Traded Fund (ETF), altcoin rotation, and favorable technical trends drove the rally.

According to cryptocurrency market data aggregator CoinMarketCap on September 25 (local time), XRP recorded a 3.00% increase to $1.54 over the past 24 hours, significantly outpacing Bitcoin, which rose 0.33% during the same period. The US spot XRP ETF saw an inflow of $18.04 million on September 23, with net inflows over several weeks exceeding $1.75 billion. The Altcoin Season Index also rose by 1.92% over 24 hours, indicating a shift of funds from Bitcoin to high-beta altcoins like XRP.

Technical trends also supported the upward momentum. XRP is trading above both its 30-day Exponential Moving Average (EMA) of $1.39 and its 200-day EMA of $1.28. The Moving Average Convergence Divergence (MACD) histogram remained in positive territory, and the 14-day Relative Strength Index (RSI) was at 62.04, indicating upward momentum without entering the overbought zone. It is also noteworthy that it broke out of its previous downtrend channel and is consolidating at a higher price level.

In the short term, key price levels are identified as the $1.45-$1.48 support zone and the $1.55-$1.60 resistance zone. If XRP maintains buying pressure above $1.48, a retest of $1.60 becomes possible, and a sustained break above the 23.6% Fibonacci Retracement level of $1.56 could signal further upward movement. Conversely, if it falls below $1.45, the short-term bullish structure could weaken, increasing the risk of a correction to $1.40.

The market is also watching the shareholder vote regarding the Evernorth merger, scheduled for September 30. This merger could lead to the establishment of a listed XRP treasury company. For now, XRP's direction is expected to depend on the continued inflow of spot ETF funds and whether it breaks through the $1.55-$1.60 resistance.

*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.*