Usman Salis
XRP (Ripple) holders woke up to a brutal reality check this morning. The token dropped to $2.9380, officially entering bear market territory with a 20% plunge from its peak. But here's the twist - while retail investors are hitting the panic button, institutional money is flooding in like never before.
Why Smart Money is Actually Buying XRP Right Now
The numbers don't lie. CME futures open interest just smashed through to 7,197 contracts, up from 6,000 back on August 18. That's Wall Street betting big on XRP's future, even as the price bleeds.
Those new XRP ETFs? XXRP has already sucked up over $400 million, while UXRP is sitting at $100 million. Meanwhile, Gemini just dropped the first XRP rewards credit card on Monday - real utility that could change everything.
XRP Price Targets: The Charts Are Screaming Buy Signal
XRP is cooking up two monster bullish patterns right now. First, a textbook falling wedge with converging trendlines ready to explode upward. But here's the kicker - this wedge is forming the handle of a massive cup-and-handle pattern.
The math is simple. First target: $3.6553 (25% pump from here). Full cup-and-handle target: $5.2. Plus, Ripple's stablecoin RLUSD just hit $687 million after starting from zero last December.
When institutional money flows in, technical patterns align, and real utility grows, smart money knows what to do. The question isn't if XRP bounces back - it's whether you'll be positioned when it does.
Usman Salis
