Blockchain & IT/Home · Blockchain & IT

Ripple (XRP) Faces $1.18–$1.20 Resistance Amid 8 Consecutive Weeks of Institutional Inflows... Analysts See "Long-Term Accumulation Zone"

As Ripple (XRP) continues its range-bound movement without a clear price breakout, an analysis suggesting that institutional capital inflows have persisted for

Wooil Shim
Staff Reporter
5 min read
Ripple (XRP) Faces $1.18–$1.20 Resistance Amid 8 Consecutive Weeks of Institutional Inflows... Analysts See "Long-Term Accumulation Zone"
CBC News

As Ripple (XRP) continues its range-bound movement without a clear price breakout, an analysis suggesting that institutional capital inflows have persisted for eight consecutive weeks is drawing investors' attention.

Possibility of a Long-Term Accumulation Zone Raised

Vincent Cooper (VinCooooper), a cryptocurrency market analyst, recently stated via social media that XRP may not simply be moving sideways but could be forming a long-term accumulation zone. He noted that even as institutional investor funds have flowed in for eight consecutive weeks, the price has remained below a key resistance level, arguing that this can be interpreted as a process of large-scale capital securing positions ahead of a full-scale rally.

Currently, spot buying pressure is steadily entering the market, while short-term trading using leverage remains relatively limited. This structure, unlike bull markets that rely on excessive leverage, carries a lower risk of mass liquidation when price volatility expands, leading to the interpretation that market fundamentals are relatively stable.

Key Variable: Whether $1.18–$1.20 Is Breached

The price level drawing the most attention from market participants is $1.18–$1.20. Given that XRP's recent upside attempts have been repeatedly blocked at this range over the past several weeks, a stable breakout on the daily chart is seen as a potential catalyst for improved investor sentiment from a technical perspective. Analysts suggest that if the major resistance level converts into a support level, it could trigger fresh buying interest.

On the downside, the area around $1.05 is cited as a key support level. The fact that this range has held despite multiple tests is evaluated as a positive factor, though a cautious view also emerges that support maintenance alone does not guarantee future gains.

Ultimately, XRP's short-term direction hinges on two key variables: whether the $1.18–$1.20 resistance is breached and whether the $1.05 support is maintained. Whether institutional inflows and spot buying pressure translate into actual price appreciation or the range-bound trend is extended depends on future trading volume and investor sentiment.

[This article was written with the assistance of AI. This article is not intended as investment advice, and any losses arising from cryptocurrency investments are the sole responsibility of the investor. The analysis and forecasts included in this article are based on the opinions of market participants and may differ from actual market trends. The final investment decision and responsibility rest with the reader.]

Wooil Shim
Staff Reporter

CBC Globe publishes verified stories with editorial review, source checks, and tenant-specific publication standards.