- Bitrue recorded a 212% spike in XRP spot buying, with buy-side volume outpacing sell-side by over 2x.
- XRP ETFs have pulled in $1.1B in net assets, with positive weekly inflows and minimal outflow days recorded.
- Analyst targets place XRP at $11–$27 for Wave 3, with a long-term Wave 5 blow-off price goal of $100.
Bitrue has also seen a 212% increase in the spot buying volume of XRP, with the buying side leading the sell side by more than two times.
This comes at a time when institutional accumulation is on the rise due to the launch of XRP ETFs. All these indicators are pointing towards a possible XRP price rally.
A 212% Surge That Tells a Bigger Story
Bitrue’s recorded spike in XRP buying volume is not isolated noise. The exchange confirmed that buy-side pressure is outpacing sell-side activity by over 2x. This kind of imbalance often precedes notable price movement in any asset class.
Since XRP ETFs launched, the asset has attracted a net total of $1.1 billion in new assets. Weekly inflows have remained consistently positive throughout this period.
The negative outflows were made on just five days indicating long-term demand and not a sudden peak. The Bitrue statistics represent a larger trend in the market action related to XRP. Both retail and institutional participants are accumulating at the same time.
When demand consistently outpaces supply at this pace, a supply squeeze becomes a realistic outcome.
Why Bitrue Is Betting on a Supply Squeeze in Q2 2026
Bitrue is forecasting that the current buying trend could trigger a supply squeeze. If that occurs, XRP is expected to outperform key competitors during Q2 2026. The exchange has adjusted its short-term business strategy around this outlook.
The platform is positioning itself as a primary liquidity hub for XRPL utility. This means deeper support for XRP and other assets operating within the XRPL ecosystem. RLUSD, now used as a base trading pair on Bitrue, is part of this broader push.
Bitrue has been XRP-focused since its founding in 2018. It was the first exchange globally to offer flexible earn investments using XRP as an investible currency.
It also pioneered XRP as a base trading pair for spot markets, giving it a structural edge in this space.
What the Elliott Wave Structure Says About the Next Rally
Analyst @egragcrypto has mapped out a multi-year curved structure on XRP’s chart dating back to 2018.
XRP fell from $3.31 in January 2018 to a low of $0.1140 before forming a sequence of higher lows. That sequence completed what analysts describe as a Nike-shaped curved formation.
Under this structure, XRP has been on a five-wave Elliott Wave cycle. Wave 1 ran from $0.28 to $3.40 by January 2025. Wave 2 of that cycle is being followed as the current pullback at $3.40.
A potential capitulation level around $0.85 corresponds with a structural support level on the chart. If Wave 2 finishes around that point, the next wave up could be important.
Price predictions for Wave 3 are expected between $23 and $27, which is typically the strongest part of an Elliott Wave cycle.
Price Structure Outline a Clear Path for XRP Bulls
The projected price zones from @egragcrypto offer a structured roadmap for XRP’s next rally.
Near-term targets sit between $11 and $13, representing the initial breakout zone. A Wave 3 peak between $23 and $27 follows as the high-probability target range.
Beyond Wave 3, analysts outline a long-term Wave 5 blow-off target of $100. While that level reflects a distant outlook, the same curved structure that has guided XRP’s price action since 2018 supports the projection. The formation suggests momentum could build across multiple rally phases.
Taken together, Bitrue’s volume data and the Elliott Wave framework point toward a constructive setup for XRP.
Institutional accumulation, a tightening supply dynamic, and a well-defined technical structure are converging at the same time.
Whether the rally materializes will depend on how the market absorbs continued demand against a shrinking supply pool.
Source: https://www.livebitcoinnews.com/bitrue-sees-212-surge-in-xrp-buying-the-case-for-next-price-rally/
