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BTC 
XRP Ripple cross-border tokens rose slightly, analysts are optimistic about breakthrough prospects
Ripple's cross-border tokens recently recorded a daily gain of 3%, which is enough to make analyst Ali Martinez believe that it "seems to be forming a breakthrough pattern" and predicts a larger increase in the future. At the same time, institutional interest in the asset remains solid, which could lay the stage for further gains.
Ready to go?
XRP surged to nearly $1.70 less than a month ago, but then momentum waned and is currently trading at around $1.39 (Source: CoinGecko). Still, Martinez believes the current technology landscape may have more bullish potential than it appears on the surface. He pointed out that if XRP can continue to close above $1.38, it will confirm that the breakthrough pattern is established, thus opening up room for upside to $1.60.
It is worth noting that Martinez's recent views on XRP are not entirely optimistic. Just a few days ago, he claimed that the asset fell back from local highs to about $1.35 in part due to profit-taking, in which the whale account sold or reallocated about 90 million XRPs in a week. He also warned that online activity dropped sharply, with the number of daily active addresses falling by more than 90%.
Other market observers have also expressed their views recently, including Twitter users STEPH IS CRYSTPTO and Crypto Bitlord, who are both on the side of the bulls. The former pointed to the formation of a "cup and handle" on the XRP price chart and predicted a potential increase of US$2.50. The latter is more optimistic that the asset's volatility appears to be stabilizing. The analyst said they were 99% confident that they would push to $2 next, followed by a wave of explosive growth, setting a record high.
ETFs continue to attract attention
Growing institutional demand may support XRP's long-term bullish outlook. Recently, the spot XRP ETF once again hit a record high, with total net inflows reaching US$1.7 billion. Last week was the ninth consecutive week of net inflows, attracting nearly $19 million in funds. Companies that have launched such products to date include Bitwise, Franklin Templeton, Canary Capital, 21Shares and Grayscale. Among them, Bitwise has attracted US$608 million in funds so far, and Canary Capital ranks second with approximately US$490 million.
At the same time, T. Rowe Price recently updated its crypto ETF application documents, which will allow its products to cover multiple digital assets. Under the revised plan, XRP has a weighting of 9.15%, while Bitcoin (BTC) leads with a weighting of 39.54%.
In addition, the Exchange Listed Funds Trust has filed an application with the U.S. Securities and Exchange Commission (SEC) for the "CYBER HORNER S&P 500® and XRP 75/25 Strategy ETF." If approved by regulators, the investment vehicle will allow investors to allocate both the stock market and Ripple's native cryptocurrency at a 75/25 ratio.
