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XRP Price Prediction: Franklin Templeton’s Spot ETF Tops 100M XRP in Holdings – Can Institutional Demand Push XRP Above $3?

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Franklin Templeton’s XRP spot ETF has crossed the 100 million XRP threshold for the primary time, now holding 101.55 million XRP value $192.7 million.

Today’s XRP price prediction means that rising institutional demand might propel XRP again above the $3 mark and doubtlessly past in 2026.

Contrarian Social Sentiment Signals Potential Bottom Formation

The 5 XRP spot ETFs launched since November 13, from Canary, 21Shares, Grayscale, Bitwise, and Franklin Templeton, have collectively surpassed $1.12 billion in cumulative web inflows as of December 22, in line with Sosovalue data.

This institutional urge for food, mixed with Ripple’s strategic partnerships, might drive elevated demand for the native token of the XRP Ledger blockchain.

A ray of hope is rising for XRP, because the token reveals indicators of reclaiming the $2 resistance zone after buying and selling beneath that stage for days.

According to latest insights shared by the info monitoring social media device, Santiment, the unfavorable sentiment is dominating discussions round XRP, a situation that has repeatedly coincided with native market bottoms relatively than sustained declines.

Crypto analyst StephCrypto has observed the same sample that preceded the 2017-18 XRP rally and urged merchants to make the most of present discounted costs.

XRP Price Prediction: Breakout Setup Favors Bullish Continuation

The weekly XRP chart suggests the market is trying to transition out of a corrective part following a powerful impulsive rally earlier in the cycle.

Price has been compressing below a descending trendline whereas repeatedly defending the psychological $2.00 zone, forming a tightening construction that always precedes growth.

The latest breakout try from this falling resistance, mixed with continued help holds close to $2.00, signifies sellers are dropping momentum, and draw back strain is weakening.

XRP Price Prediction - XRP Price Chart
Source: Tradingview

Momentum indicators align with this creating setup. RSI stays subdued in the high 30s to mid-40s, suggesting consolidation relatively than lively distribution.

Historically, this zone has acted as a base for pattern resumption relatively than breakdown when structural help holds.

Additionally, the prior rally emerged from an prolonged consolidation vary, reinforcing the significance of the present base as a possible higher-low formation inside a broader bullish cycle.

If XRP can preserve ranges above the breakout space and reclaim the $2.20–$2.30 area, the chart opens a path towards the $3.00 resistance initially, with broader upside extension towards $3.65 if momentum accelerates.

Failure to maintain above $2.00 would invalidate this setup and shift focus again to deeper help, however so long as this stage holds, the construction favors bullish continuation relatively than renewed downtrend.

Maxi Doge Offers High-Yield Alternative for Risk Seekers

If XRP reclaims the $3.00 stage and resumes its bullish trajectory, presale tasks like Maxi Doge (MAXI) would seemingly entice consideration as traders search high ROI alternatives.

Maxi Doge is an early-stage memecoin following the Dogecoin playbook that noticed it surge over 10X throughout the same cycle correction in 2023 earlier than the 2024 rally.

The mission has established an alpha channel serving to merchants alternate insider suggestions, share early commerce concepts, and uncover alternatives.

XRP Price Prediction - Maxidoge Banner

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The publish XRP Price Prediction: Franklin Templeton’s Spot ETF Tops 100M XRP in Holdings – Can Institutional Demand Push XRP Above $3? appeared first on Cryptonews.

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