XRP bulls grow louder: What will spark the breakout toward $2.65?

XRP price has recently risen, supported by fundamental, on-chain, and technical factors suggesting potential new all-time highs. Institutional demand remains strong, with XRP ETPs seeing significant inflows, totaling $245 million in the week ending December 5, and spot XRP ETFs marking 15 consecutive days of net inflows, accumulating nearly $900 million in assets. This accumulation suggests a narrative shift is imminent, according to analysts. Furthermore, trader sentiment is leaning heavily bullish, evidenced by a positive funding rate and a 72% long/short ratio on Binance, indicating rising confidence in an upward move. Technically, XRP is trading above a symmetrical triangle on the four-hour chart; a close above $2.15 could trigger a 27% rally toward a target of $2.65.

(Source：Cointelegraph)