XRP Analyst Sees Macro Rotation and ETF Demand Driving Price Movement
XRP's recent price movement has sparked debate among market commentators, with some attributing it to decoupling from Bitcoin. However, Common Sense Crypto argues that XRP's structure is more closely tied to Bitcoin's, reflecting a macro rotation in the market.
The commentator points out that XRP's one-day and one-week charts show a fresh leg up followed by sideways trading, with potential for a push towards $1.60. They also note that ETF inflows, particularly from Bitwise, are rising, indicating growing demand for the token.
The analyst dismisses sensational war-driven price targets as unrealistic, arguing that regulation and genuine utility are more significant factors in determining XRP's value. They emphasize the importance of Ripple's escrow structure in managing supply and suggest that a realistic path to high valuations requires scarcity, retail and institutional demand, and regulatory clarity.