XRP News: Analysts target price at $4.50 as institutional demand increases

Key Points XRP rose 1.7% in 24 hours and 6% in a week, trading above $3. Last week, total institutional inflows to XRP’s investment products were $14.7 million, with year-to-date inflows reaching $1.4 billion. XRP derivatives open contracts rose 11% to $8.3 billion in seven days, indicating a renewed trader momentum. XRP price remained at $3, with momentum strengthening XRP (XRP $3.02) climbing Thursday, expanding its weekly gain to 6% and trading above $3 for the first time in two weeks. Analysts now believe XRP has room to rise to $3.12 and then to $4.50, citing enhanced institutional inflows and increased derivative activity. Institutional inflows reinforce bullishness CoinShares data shows that XRP-related investment products attracted a net inflow of $14.7 million in the week ended September 5, bringing year-to-date inflows to $1.4 billion. This puts XRP ahead of many altcoins, with Bitcoin ($524 million), Solana ($16.1 million) and Sui ($600,000) also recording inflows, while Ethereum has outflows of $912 million. Analysts say the rotation from ETH could benefit XRP before the U.S. ETF could be approved, which remains one of the biggest catalysts to come. Derivatives traders bullish XRP derivatives market is echoing institutional trends. XRP open interest (OI) climbed 11% in the past week to $8.3 billion, up from $7.4 billion on September 4, according to CoinGlass. Open positions have also risen by 4% in the past 24 hours, reflecting traders betting on rising prices to re-establish speculative positions. Analyst targets: $3.12, then $4.50 Market analysts believe the next resistance is near $3.12, which could pave the way for XRP to reach $4.50 levels once broken through, which would hit a new high in years. As institutional capital inflows and derivative demand climbs, the uptrend of XRP appears to be building momentum, but the odds of ETF approval may remain the main driver in the coming weeks.