Despite the outflow of money, XRP rose to $ 2 as bulls next $ 2
XRP price hovers above $1.50, a four-week high. The Ripple cryptocurrency surged with the discovery of Bitcoin. Traders are bullish despite last week's $76 million fund withdrawal.
The price of XRP rose to $1.50 on Monday as corporate developments at Ripple and broader market volatility showed bullish bets on the token.
Bulls resistance seems to be paying off around $1.30 as last week's gains surged to double digits, with XRP hitting a market cap of more than $90 billion despite recent exits from Ripple-related investment products.
While current market conditions may slow momentum, last week's gains suggest buyers may have room to test sellers' resolve above $2.00.
XRP Price Reaches $1.50 – Why Is It Rising?
XRP is currently gaining around $1.50 after top altcoins mirrored Bitcoin's rally earlier in the day.
As BTC rises above $74,000 and Ethereum climbs to $2,300, XRP is on a high to reach the price seen at the end of February 2026.
Reports of Ripple launching a $750 million share buyback program coincide with the boom.
The move will give former investors and employees a staggering $50 billion worth of liquidity as Ripple seeks to remain private.
Cash flow is not that encouraging.
The past month has not been good for Ripple's cryptocurrency in terms of attracting institutional interest in XRP investment products.
CoinShares revealed last week that XRP saw more than $76 million in capital outflows from related digital asset investment products.
More than $133 million was withdrawn from XRP funds last month, which is more than $19 million year-to-date.
Total cryptocurrency assets under management currently stand at $2.4 billion.
XRP price technical view
Despite recent volatility, speculative confidence has boosted open interest.
Macroeconomic and geopolitical tensions aside from the ongoing Iran war, Ripple coin could see the $2.00 level again.
On the bull side, momentum could accelerate if Bitcoin rides the energy sector to certainty above $80,000.
Technical indicators point to XRP's readiness for an explosive rise, with Bollinger Bands showing unprecedented compression since 2024.
Often, such a view coincides with major dynamic points in the ecosystem.
Trading in the $1.41-$1.50 range means bulls need a critical break above $1.60 to open a short-term rally.
In the midst of this upheaval, the bulls' target will be $3.00.
The likelihood of XRP bulls turning resistance into support near current prices depends on broader market conditions.
If buyers fail to hold $1.40, key support levels on the downside may include $1.31 and $1.20.
