📢🚨Ripple Price Predictions: #Xrp🔥🔥 📢🚨
♦️♦️XRP aims to break the $2.00 level as ETF investment flows rise
✅XRP has bounced back as bulls target a short-term breakout above $2.00 on Friday.
✅XRP ETFs recorded the highest inflow since December 8, indicating an increasing appetite from institutions.
✅A drop in retail demand, as evident from the decline in open interest in futures to $3.21 billion, may hinder XRP's price recovery.
✅Ripple (XRP) price has risen by over 3%, trading at $1.87 at the time of writing on Friday. XRP is regaining momentum after a volatile price movement that led to a daily low of $1.77, benefiting from a drop in the U.S. Consumer Price Index (CPI) inflation, which rose by 2.7% year-on-year in November, slower than analysts' estimates of 3.1%.
✅A close above $2.00 is likely to bolster short-term bullish expectations. However, key technical indicators still lean towards bearish, which may limit rebounds.
