XRP breaks out of bull flag, targets $1.60 amid tightening liquidity and rising institutional inflows.

XRP has broken out of a recent bull flag pattern, signaling potential for a stronger upward trend with a target around $1.60. The token reclaimed $1.42 and is gaining momentum after a 15% rally and consolidation phase. Tightening liquidity and significant institutional inflows, including $81.59 million into XRP ETFs in April, are fueling this move. The key test will be maintaining support above $1.42; if successful, XRP could see accelerated price gains toward $1.60 and possibly $1.66 resistance.