Could XRP Skyrocket Soon? 3 Indicators Pointing to a Ripple Bullish Resurgence

Despite a recent 25% drop, Ripple's XRP shows signs of a bullish resurgence. Key indicators include a decrease in XRP reserves on Binance, reflecting a shift from centralized trading to self-custody, thus reducing immediate selling pressure. Additionally, spot XRP ETFs have seen significant demand with inflows surpassing $1.23 billion, indicating sustained institutional interest. Technical setups, like an "inverse head and shoulder pattern," suggest a potential upward move. However, the broader crypto market's bearish trend may affect XRP's performance. Its Relative Strength Index currently stands at around 72, which, being above 70, signals it is overbought and a pullback might be imminent.