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Ripple (XRP) reaching new historical highs again? Institutional buying intensifies, and it may break the $8 barrier in the future.
Reports of large institutional buy orders are emerging, especially after Ripple (XRP) fell below $3 on Monday. This leading altcoin dropped below $3 after staying near the market high for almost two weeks. As it currently sits at a weekly low, this decline has prompted traders to enter and build positions. Previously, Bitcoin plummeted by 3% in the past 24 hours, dropping to a low of $115,000. Ethereum (Ethereum) also fell to the $4,300 range after breaking through the $4,500 mark earlier. ETH is now down nearly 5%, showing weak performance in the index.
The latest data from the Mitrade trading platform shows that institutional investors hold more than $3 billion in Ripple futures (XRP). In addition, in the first quarter of 2025, investment products based on Ripple attracted $37.7 million in inflows. Financial institutions are quietly allocating funds to the native cryptocurrency of Ripple in hopes of achieving higher returns and developing new investment strategies. Although the price of Ripple has fallen below the $3 mark, it still creates an optimistic market sentiment.
Will institutional buying drive XRP to break $8?
As bullish sentiment rises, some analysts have set a target price of 8 dollars for Ripple, mirroring the breakout cycle of 2017. The phenomenon of institutional investors increasing their holdings in XRP (XRP) suggests that prices may experience greater volatility, as clients adjust their portfolios in preparation for the lawsuit against Ripple (Ripple) by the SEC (SEC). Changes in regulatory and legal aspects could drive this altcoin to new highs and propel it up the rankings in the coming months.
However, the scale of the liquidation is also concerning, as institutional investors' sell-off of XRP could have a destructive impact. A profit-taking of over $3 billion could cause Ripple's altcoin to slide down the rankings, affecting retail investors. If XRP ever reaches $8, the scale of sell-off by existing investors will be massive, as the profits would be higher. Nevertheless, entering at a price below $3 is still considered a good investment.
Reports of significant buying from institutions are emerging, especially after Ripple (XRP) fell below $3 on Monday. This leading altcoin dropped below $3 after nearly two weeks at the top of the market. The current drop, occurring at a weekly low, has prompted traders to enter positions. Previously, Bitcoin plunged 3% in the past 24 hours, reaching a low of $115,000. Ethereum (Ethereum) also fell to the $4,300 range, having previously broken the $4,500 mark. ETH is currently down nearly 5%, showing weak performance in the index.
Latest data from the Mitrade trading platform shows that institutional investors hold over $3 billion in Ripple (XRP) futures. Additionally, in the first quarter of 2025, investment products based on Ripple attracted inflows worth $37.7 million. Financial institutions are quietly allocating funds to the native cryptocurrency of Ripple in hopes of achieving higher returns and developing new investment strategies. Although the price of Ripple has fallen below the $3 mark, it still maintains an optimistic market sentiment.
Will institutional purchases drive XRP to break 8 dollars?
With the bullish sentiment heating up, some analysts have set a target price of $8 for Ripple, which is reminiscent of the breakout cycle in 2017. The phenomenon of institutional investors increasing their holdings of XRP (XRP) suggests that prices will experience greater volatility, as clients are adjusting their portfolios in preparation for the lawsuit filed by the SEC (SEC) against Ripple (Ripple). Changes in regulatory and legal aspects could drive this altcoin to new highs and propel it up the rankings in the coming months.
However, the scale of the liquidation is also concerning, as institutional investors' sell-off of XRP could have a destructive impact. A profit-taking of over $3 billion could cause Ripple's altcoin to slide down the rankings, affecting retail investors. If XRP ever reaches $8, then the scale of the sell-off by existing investors will be substantial, as the profits will be higher. Nevertheless, entering at a price below $3 is still considered a good investment. #内容挖矿,赚丰厚返佣#