XRP’s price surges past $2.6, but should you look out for THESE strong inflows?

Key Points

1. XRP broke out of a symmetrical triangle pattern dating back to 2018, with a potential price target of $16.17, though this is considered optimistic.

2. Bitcoin's bullish performance and dropping dominance (from 65.9% to 64.46%) contributed to altcoins like XRP gaining momentum.

3. Technical indicators, including the CMF (+0.05) and MACD, signaled strong capital inflows and bullish momentum for XRP.

4. Key resistance levels for XRP are identified at $3 and $3.3, with $2.6 acting as a support level for potential retests.

5. A $70 million inflow of XRP to Coinbase was noted, though its implications were not fully detailed in the article.