- CYPRX CEO Cypress Demanincor identifies XRP targets at $3.82, $4.44, and $5.71 using institutional software.
- Trader highlights accumulation zones at $2.21, $2.06, $1.90, and $1.56 as key entry levels.
- Canary Capital XRP ETF records $300 million in total inflows since debut with daily streaks.
Cypress Demanincor, CEO of CYPRX Superior Trading, believes XRP is positioned for a major move once broader market conditions shift to “risk-on” mode. According to the trader, institutional data highlights three strong upside targets for XRP: $3.82 matching its 2018 peak, followed by new price discovery levels at $4.44 and $5.17.
Demanincor noted that CYPRX’s institutional software has detected dark-pool liquidity at each level. “Our algorithms haven’t missed yet,” the CEO stated, claiming his trading algorithms have successfully predicted past moves, implying these future targets are credible.
Accumulation zones defined for entry
For now, Demanincor highlighted accumulation zones at $2.21, $2.06, $1.90, and $1.56, advising traders to “save all these levels.” At press time, XRP trades at $2.13, down 14.52% over the past week.
While the token is within the range Demanincor identified as accumulation, his statement suggests XRP could still fall further to as low as $1.56. The coin is trading approximately 30% below the price it reached eight weeks ago.
From the current level, reaching $1.56 would represent additional losses of 26.7%. His bullish target of $5.71 implies gains of 231% if the $1.56 dip materializes. Otherwise, from current price, the gain would be 143%.
Demanincor’s price roadmap arrives as the 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.
Momentum has continued despite XRP’s recent price declines. The fund has registered inflows every trading day since debut, with the latest inflow on November 19 totaling $15.82 million. The Canary Capital XRP ETF has accumulated approximately $300 million in total inflows.
New ETF launches expand access
The Bitwise XRP ETF is launching today, with expectations that a new record could emerge. 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 coming weeks.
As institutional flows build, commentators are hopeful that market conditions will shift into the “risk-on” environment Demanincor says could unlock his projected price zones above $3.80.
Source: https://thenewscrypto.com/xrp-heading-to-5-71-analyst-says-proven-algorithms-point-to-major-breakout/
