XRP price is showing signs of recovery after recent turbulence, fueling hopes among investors that the token could soon reach the $3 mark. However, this upward momentum may face challenges from increased selling pressure unless institutional inflows provide the necessary support. XRP Institutions Show Bullish Signs Institutional interest in XRP has grown considerably, signaling confidence in its long-term potential. In the first week of the month alone, XRP attracted $14.7 million in inflows, making it the second-highest among altcoins, only behind Solana’s $16.1 million. This highlights sustained demand from large investors. These institutional inflows suggest that XRP continues to be viewed as a reliable digital asset. The growing allocation from professional money managers could serve as a cushion against retail selling pressure. If the trend continues, institutions may help stabilize XRP’s price trajectory and enable a push toward $3. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Institutional Netflows. Source CoinShares Despite the optimism from institutions, XRP is simultaneously facing increased exchange balances. More than 235 million XRP, worth over $693 million, was transferred to exchanges in the past week. This rise indicates heightened selling activity, reflecting a cautious stance among retail and short-term investors. The sell-offs appear to be fueled by both broader market bearishness and profit-taking after XRP’s recent gains. While these moves allow traders to secure short-term profits, they could weigh heavily on price momentum. XRP Exchange Balance. Source: Glassnode XRP Price Has Found Support At the time of writing, XRP is trading at $2.95 while holding above its immediate support of $2.94. The price action reflects mixed signals, with institutions backing growth but sellers maintaining pressure. The balance of these forces will shape XRP’s near-term outlook. If selling persists, XRP could consolidate above $2.94 or slide further to test support at $2.85. Such a scenario would delay its push toward the psychological $3 level, keeping the token rangebound until sentiment improves. XRP Price Analysis. Source: TradingView However, if investors opt to HODL rather than sell, XRP could break higher. Flipping $2.95 into support may enable the token to rally toward $3.07. Successfully breaching this resistance would strengthen the bullish case, invalidating the bearish outlook and marking a significant milestone for XRP. The post XRP Price Nears $3 Thanks To Institutional Investors, But $700 Million Threat Remains appeared first on BeInCrypto.