XRP (XRP) is having a solid run, up 4% over the past day as crypto markets broadly rally and institutional buyers show renewed appetite through exchange-traded fund purchases.

The Technical Picture

According to CrediBULL Crypto, XRP just completed what traders call a triple-tap pattern, hitting its target at recent range highs. Now comes the interesting part: what happens next? There are basically two ways this could play out.

The first scenario is the pessimistic one—the recent bounce was just a liquidity sweep at the highs before XRP heads back down toward the sub-$1.77 zone. The second, more bullish take? XRP has built a solid demand base with $1.77 acting as defended support, meaning dips get bought and the rally continues higher.

Given Bitcoin's (BTC) current strength and the broader market environment, the bias tilts toward that second scenario. That means traders are hunting for long opportunities on pullbacks, expecting continued expansion toward untapped highs above current levels.

Mikybull Crypto echoed the bullish sentiment, noting the XRP bull run isn't finished yet. As long as price stays above the moving average, the trend holds and upside momentum remains in play.

The Institutional Angle

On the money-flow front, Whale Insider reported that ETF clients snapped up $12.98 million worth of XRP, lifting total ETF-held assets to $1.54 billion. That's not noise—it's a clear signal that institutional interest continues building.

Meanwhile, regulatory winds may be shifting in XRP's favor. A draft from the Senate Banking Committee would classify XRP, Solana (SOL), and Dogecoin (DOGE) as commodities rather than securities, bringing them in line with Bitcoin's regulatory status. If that goes through, it removes a major cloud that's hung over these assets for years.