XRP’s Soaring Price: A Cautionary Tale of Inflows and Outflows

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Key Takeaways

XRP, the altcoin that has been trapped in a consolidation pattern since February, has finally broken free and is now soaring past $2.6. Traders and investors rejoice, but should they be wary of strong inflows?

XRP, the cryptocurrency that has been languishing in a consolidation pattern since February, has finally broken free and is now soaring past $2.6. The crypto market is highly bullish, with Bitcoin [BTC] in price discovery and hitting new all-time highs. The market’s altcoins are following suit too, managing to climb past a $1.25 trillion market cap.

This is an interesting development because this resistance has held the alts back since February 2025. Over the past two weeks, Bitcoin Dominance dropped from 65.9

Reasons why XRP is primed for further gains

In a post on X, crypto analyst Ali Martinez described a symmetrical triangle chart pattern for XRP, one that stretched back to 2018. According to the Chart Pattern Encyclopedia, a breakout from this pattern would measure a good chunk of the triangle apex. Using those figures, a price target of $16.17 can be expected for XRP.

This would bring the token’s market cap close to $1 trillion. Now, while this may be a figure that is far too optimistic, XRP could extend its gains toward the $6-level next.

The 1-day chart highlighted a range formation since March 2025. The $2.6 range high was breached recently. Moreover, the market structure on both the daily and weekly charts was bullish. The weekly swing points were marked in orange at $1.61 and $3.4. Its move past the $2.65 high (dotted orange) represented a bullish structure break on the 1-week timeframe.

On the daily timeframe, a move beyond $2.33 on 09 July confirmed a bullish structure. The CMF underlined strong capital inflows with a reading of +0.05 at the time of writing. The MACD also climbed higher to signal bullish momentum.

The breakout past $2.6 hinted that the $3 and $3.3-levels would be the next price targets. Meanwhile, a retest of the $2.6-level should see a bullish reaction from the price. Long-term investors can use this breakout to add XRP to their holdings and expect further gains in the coming months.

A $70 million inflow of XRP to the centralized exchange Coinbase may be a worrisome development though. Especially since it alludes to the potential for intense selling pressure in the coming days, something traders should be careful of. 😱

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2025-07-14 10:22