XRP News Today: Institutional ETFs Power XRP's Phase 4 Ascent, Eyes on $2.60 Breakout

XRP is entering a pivotal phase of its multi-year market cycle, with analysts and traders closely monitoring its movement through Phase 4. The digital asset has mirrored a structural pattern observed during the 2014–2017 cycle, suggesting potential for a retest of the $2.00 level before advancing toward a $6.618 target. This development coincides with a surge in institutional demand, driven by the recent launch of spot XRP exchange-traded funds (ETFs) from Franklin Templeton, Grayscale, and others, which have injected fresh liquidity into the market.

The four-phase model, which spans over a decade, has drawn comparisons to historical price behavior. Phase 1 saw XRP break out from a long-term base, followed by a consolidative Phase 2 that narrowed into a wedge. Phase 3 tightened further, maintaining support above rising trend lines, while Phase 4 now appears to be forming above the prior all-time high zone. Traders note that the 2017 cycle saw a similar breakout in Phase 3, leading to a rapid expansion phase that propelled XRP to its peak during that period. The current structure suggests a potential repeat, with the price currently near the $2.00 level—a critical juncture for bulls as the 2017 cycle suggests.

Institutional participation has intensified following the launch of six XRP ETFs across U.S. markets. Bitwise's product led trading on its first day, with $36.6 million in volume, while Franklin Templeton's and Canary's offerings also saw strong inflows. However, Grayscale's GXRP ETF lagged behind expectations, closing with $6.7 million in volume as reported by analysts. The ETFs have not only expanded access but also reinforced XRP's position in traditional finance, with analysts citing the products as a catalyst for broader adoption.

Price dynamics remain a focal point. XRP closed the week near $2.00, having briefly touched $2.27 intraday amid a rebound from earlier corrective pressures according to recent analysis. Analysts highlight a bearish divergence on charts but acknowledge key support at $2.05–$2.07 and resistance near $2.20. A sustained breakout above $2.60—seen as a critical target—could align with the broader Phase 4 thesis, particularly if macroeconomic factors such as the anticipated December Federal Reserve rate cut and improved U.S.-China relations reduce risk aversion as market data indicates.

The convergence of structural analysis and institutional momentum underscores XRP's potential for a multi-phase rally. While short-term volatility persists, the alignment of historical patterns, ETF-driven demand, and macroeconomic tailwinds positions the asset for a significant move, should it maintain control above key support levels.