XRP (XRP) Defies Broader Market Sentiment, Rallies 4% Weekly Amid Strong Buying Activity

Ripple's XRP has continued to demonstrate resilience in the face of market-wide bearish sentiment, driven by strong buying activity from both retail and institutional investors.

CoinChapter reports that Ripple's XRP has seen sustained buying pressure from both retail and institutional investors amid a broader market downturn. As of Jan. 14, XRP trades at $2.57, up 4% for the week, while many top cryptocurrencies record losses.

CoinShares reported over $41 million in XRP investment inflows last week, indicating strong bullish momentum. Net exchange outflows supported this narrative, with Binance, Bybit, and OKX registering outflows of $82 million, $63 million, and $59 million, respectively.

In contrast, Coinbase recorded inflows of $65 million, suggesting caution among U.S.-based investors.

The SEC's Jan. 15 deadline for filing its appeal in the Ripple case has drawn attention. While some in the XRP community see the delay as a sign of uncertainty, retired securities lawyer Marc Fagel called it typical litigation behavior, noting,

“In thirty years of litigation, I’ve rarely seen a lawyer file a brief early.”

The outcome of the appeal remains to be seen, especially with SEC Chair Gary Gensler and Commissioner Caroline Crenshaw resigning on Jan. 20. Their departure could pave the way for pro-crypto Paul Atkins to influence the SEC's stance on Ripple's case.

XRP recently broke out of a symmetrical triangle pattern, which traders typically view as a bullish technical indicator. If XRP sustains its breakout, market analyst World of Charts anticipates a 60% price increase, targeting $4 based on the triangle's maximum height.

EGRAG Crypto, another analyst, highlighted a rare "Megaphone Bottom" formation, projecting an all-time high (ATH) of $8 if the pattern holds. The formation boasts a win rate of over 70%, reinforcing optimism among market participants.

Meanwhile, crypto trader "Dark Defender" noted that XRP has entered the final stages of its "throwback" after the triangle breakout, estimating a potential rally to $4.40 in the short term.

However, a reversal into the pennant pattern could trigger a retest of the $2.00 psychological support level. Indicators like the Relative Strength Index (RSI) and Stochastic Oscillator remain above neutral, signaling prevailing bullish sentiment.

Crypto analyst Javon Marks predicts XRP could rally to $16.50 by March 2025, based on historical price cycles. He suggests that a full bullish run could see XRP achieve gains exceeding 7,000%, targeting prices between $111 and $168.

For now, XRP's immediate focus is on breaking the $2.90 resistance as institutional and retail investors continue to fuel its upward trajectory.