Cypress Demanincor, CEO of CYPRX Superior Trading, believes XRP is set for a major move once broader market conditions shift back to “risk-on.”
According to him, institutional data highlights three strong upside targets for XRP: $3.82 (its 2018 peak), followed by new price discovery levels at $4.44 and $5.17.
“Our Algorithms Haven’t Missed Yet”
Demanincor noted that CYPRX’s institutional software has detected dark-pool liquidity at each level, adding that his algorithms “haven’t missed yet.”
In other words, the CEO is claiming his trading algorithms have successfully predicted past moves, implying that these future targets are credible.
For now, he highlighted accumulation zones at $2.21, $2.06, $1.90, and $1.56, advising traders to “save all these levels.”
At press time, XRP is trading at $2.13, down 14.52% over the past week. While the coin is now within the range Demanincor identified as accumulation, his statement suggests XRP could still fall further to as low as $1.56. Meanwhile, the coin is already trading about 30% below the price it reached eight weeks ago.
From the current level, reaching $1.56 would represent additional losses of 26.7%. Meanwhile, his bullish target of $5.71 implies gains of 231% if the $1.56 dip materializes. Otherwise, from the current price, the gain would be 143%.
XRP ETF Momentum Adds Fuel to the Outlook
Demanincor’s price roadmap comes as the new Canary Capital XRP ETF delivered one of the strongest debuts in crypto ETF history. The fund recorded $58.5 million in day-one turnover and $245 million in net inflows.
Interestingly, momentum has continued despite XRP’s recent price declines. The fund has registered inflows every trading day since its debut, with the latest inflow on November 19 totaling $15.82 million. So far, the Canary Capital XRP ETF has seen approximately $300 million in total inflows.
Separately, the Bitwise XRP ETF is launching today, with high hopes that a new record could emerge.
Essentially, the influx of capital into the ETF market has strengthened sentiment around XRP’s long-term trajectory. Many view ETF flows as a key factor that could support XRP price surge over the coming weeks.
What Comes Next for XRP?
As institutional flows build, commentators are hopeful that the market conditions will shift into the “risk-on” environment that Demanincor says could unlock his projected price zones above $3.80.
A separate analysis by XRP commentator Chad Steingraber outlines two likely outcomes following the debut of spot XRP ETFs. In one scenario, XRP’s price remains flat while ETFs gradually acquire the entire circulating supply over a year.
In the other, prices surge first, slowing ETF accumulation. Either way, he views the outlook as positive for holders, as scarcity or rising demand should boost prices.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
