XRP Mirrors 2017 Bull Cycle, Analysts Eye $20 as Institutional Inflows Grow

The cryptocurrency XRP is once again drawing parallels to its explosive 2017 rally as analysts point to mounting institutional demand and bullish chart ￰0￱ in the $2.50–$2.70 range, XRP may be in the early stages of a new upward leg driven by ETFs, treasury-flows, and structural technical ￰1￱ Reading: Bitcoin Technical Setup Shows Short-Term Pullback May Fuel Long-Term Upside Institutional Flows & Treasury Vehicles Spark Bullish Outlook XRP’s resurgence is supported by a sharp uptick in institutional interest. A recently launched XRP-exposure vehicle has already pulled in over $115 million in assets, while trading volumes in related futures markets have soared into the ￰2￱ trend echoes the supply-constraint thesis that many analysts believe will fuel the next leg ￰3￱ ETF vehicles, corporate treasuries and dedicated acquisition firms are lining up behind ￰4￱ example is a firm planning to raise over $1 billion for a publicly-traded entity focused exclusively on XRP accumulation via its balance ￰5￱ such large-scale buying set to lock up supply, scarcity dynamics could increasingly favor the ￰6￱ institutional tailwind now places XRP in the same narrative once reserved for Bitcoin and Ethereum, but with XRP rapidly capturing mainstream investor ￰7￱ Chart-Setup Resembles 2017 Bull Cycle, Targeting Double-Digits Technically, XRP’s current structure has drawn comparisons to its 2017 ￰8￱ tracking Elliott Wave counts suggest XRP may be in the early phase of Wave 3, a phase that historically triggers major price ￰9￱ one scenario, this could propel the token from its current $2.56 level into double-digit ￰10￱ near the $2.50–$2.60 band remains intact, underpinning the bullish ￰11￱ XRP can break and hold above nearby resistance (circa $2.67–$2.70), momentum could accelerate.

XRP's price records some losses on the daily chart.