XRP Eyes 65% Rally Amid ETF Inflows Boost
- ETFs see $43.16M inflows, boosting XRP’s market position.
- XRP price may rally 65% with strong ETF support.
- Increased trading volume indicates market optimism for XRP.
XRP experiences a price stabilization coupled with significant ETF inflows as Bitwise and Franklin Templeton report $43.16 million net inflows from December 29 to January 2 in U.S. markets.
The resurgence in XRP inflows suggests increased investor confidence, potentially driving up prices and affecting the cryptocurrency’s market dynamics while spotlighting XRP-focused financial products.
XRP has gained attention due to a potential 65% price increase driven by significant ETF inflows. Over the past week, XRP-focused ETFs attracted $43.16M, suggesting renewed investor interest.
Two major players, Bitwise and Franklin Templeton, dominated ETF inflows. Bitwise’s ETF saw $17.27M, while Franklin Templeton’s pulled in $21.76M, both reflecting substantial market movement towards XRP.
Increase in Trading Volume Reflects Investor Optimism
XRP‘s increased trading volume to $117.45M indicates a robust market response. This surge in activity may bolster investor confidence, potentially leading to broader acceptance and price rises.
These ETF inflows highlight a strategic shift, emphasizing XRP‘s expanding role in digital asset portfolios. This has not only financial but also potential business implications for broader cryptocurrency adoption.
“5/ XRP Spot ETFs: +$43.16M net inflow Top inflows: -XRPZ: +$21.76M (historical +$252M) – XRP (Bitwise): +$17.27M (historical +$265M) Top outflow: XRPC -$1.18M (historical +$384M) AUM: $1.37B | Mkt cap ratio: 1.14% | Cumulative: +$1.18B” – SoSoValue, Crypto Data Provider
Market Sentiment Shifting Favorably Towards XRP
The ETF inflows mark a notable shift in market sentiment favoring XRP. With 1.14% of circulating supply held by ETFs, investor attention is significant.
Based on historical trends, sustained inflows could solidify XRP’s market position. Without significant regulatory or technological changes, XRP may see continued upward momentum, supported by strong market fundamentals.
