XRP Targets $1.21 but Institutional Demand Is Quietly Drying Up

In XRP news today, Ripple has slipped since July 21 but remains around $1.13, tracing a textbook cup-and-handle formation on the daily chart, with $1.15 as the breakout trigger and $1.21 as the pattern target.

The setup looks clean. The institutional money flow behind it does not. That gap between the chart structure and the capital supporting it is the central tension shaping the XRP trade right now.

According to data from CoinGlass, spot XRP ETF monthly inflows have collapsed from a $131.94M peak in May to just $12.43 million in July, the weakest month on record. Inflows are still technically positive, but it is not a technicality worth glossing over.

XRP News: The Cup and Handle Setup and What it Means

Since early July, XRP has formed a cup-and-handle pattern on the daily chart. The cup represents a gradual recovery from selling pressure, while the handle reflects a consolidation phase since July 21.

The bullish outlook remains supported by declining sell volume as prices drift lower, indicating a pause rather than a fresh wave of selling. Key resistance is at $1.15, aligning with the 0.618 Fibonacci retracement level.

… Continue reading the full article at the original source below.