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Cup and Handle $1.21 Target vs Fading ETF Inflows

by Catatonic Times
July 23, 2026
in Bitcoin
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In XRP information right this moment, Ripple has slipped since July 21 however stays round $1.13, tracing a textbook cup-and-handle formation on the each day chart, with $1.15 because the breakout set off and $1.21 because the sample goal.

The setup seems clear. The institutional cash stream behind it doesn’t. That hole between the chart construction and the capital supporting it’s the central pressure shaping the XRP commerce proper now.

In keeping with knowledge from CoinGlass, spot XRP ETF month-to-month inflows have collapsed from a $131.94M peak in Might to only $12.43 million in July, the weakest month on report. Inflows are nonetheless technically constructive, however it isn’t a technicality value glossing over.

XRP Information: The Cup and Deal with Setup and What it Means

Since early July, XRP has shaped a cup-and-handle sample on the each day chart. The cup represents a gradual restoration from promoting strain, whereas the deal with displays a consolidation section since July 21.

The bullish outlook stays supported by declining promote quantity as costs drift decrease, indicating a pause quite than a contemporary wave of promoting. Key resistance is at $1.15, aligning with the 0.618 Fibonacci retracement stage.

A each day shut above this may break the deal with and activate the cup neckline at $1.16, with $1.18 and $1.21 as potential targets for XRP Ripple.

Nonetheless, it’s necessary to notice that XRP has beforehand did not maintain cup formations. A single candle wick above $1.15 is inadequate; a confirmed each day shut is critical for a convincing breakout.

$XRP

Say what you need, however this whole setup seems insane!

Sweep the lows or not…

A serious transfer is coming. pic.twitter.com/MJFD9UJNzh

— Jim Knox (@Jim_Knox589) July 23, 2026

ETF Inflows: Inexperienced on the Floor, Fading Beneath

In different XRP information, ETF inflows have persistently been internet constructive since their launch, although month-to-month totals have declined. In keeping with CoinGlass, inflows had been $81.59M in April, peaked at $131.94M in Might, then dropped to $59.46M in June, and fell additional to $12.43M in July.

This downward pattern means that institutional demand for XRP has weakened, as ETF inflows usually point out skilled patrons’ curiosity, which makes it a vital knowledge level to look at within the coming weeks.

A decline in these flows might have an effect on XRP’s value, particularly because it nears a breakout level. Comparable patterns of lowered institutional demand are additionally seen in Bitcoin ETF merchandise.

(SOURCE: CoinGlass)

What Glassnode’s Hodler Metric Is Signaling

The Hodler Internet Place Change metric from Glassnode tracks whether or not long-term XRP holders are internet including to or trimming their positions. It’s an on-chain measure of accumulation or distribution habits amongst wallets which have held for prolonged intervals, the cohort least prone to be pushed by short-term noise.

The metric’s latest historical past is value tracing rigorously as a result of it has already run this playbook as soon as. On June 22, the Hodler Internet Place Change hit considered one of its highest readings. From that peak, it fell steadily via to July 1.

Throughout precisely that window, XRP value corrected from $1.13 all the way down to $1.05 – a 7% transfer that caught many merchants offside who had been watching the chart setup quite than the on-chain sign. Then, as long-term holders started including once more, value recovered.

Since July 19, the metric has turned decrease once more. It has eased from roughly 231 million to roughly 226 million XRP, in line with Glassnode knowledge cited within the BeInCrypto evaluation. The setup is shut sufficient to the June precedent to warrant consideration.

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Three Eventualities for What Occurs Subsequent: XRP Information Catalysts Wanted for Bullish Continuation

(SOURCE: TradingView)

The chart and institutional knowledge for XRP information point out three potential paths for its value motion:

Bull Case: XRP closes above $1.15, confirming a cup-and-handle breakout. If $1.16 is breached, the $1.21 goal might be met, however this may require secure ETF inflows to take care of good points.

Base Case: XRP trades sideways between $1.12 and $1.15 as Hodler Internet Place Change declines and ETF inflows stay weak. The cup-and-handle sample stays legitimate however unconfirmed, awaiting a macro catalyst.

Bear Case: A sharper decline in Hodler metrics results in a drop under $1.13, exposing assist ranges at $1.12 and $1.09. A break under $1.05 invalidates the sample and shifts focus to broader assist. This state of affairs aligns with present ETF stream developments.

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Alex Ioannou

Alex Ioannou

On-Chain Journalist

Alex is a seasoned cryptocurrency dealer and market analyst with over seven years of lively expertise within the digital asset house. Since coming into the markets in 2017, Alex has specialised in figuring out rising “meta” developments and high-volatility narratives. Notably, Alex…
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