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Spot XRP exchange-traded funds (ETFs) have witnessed an impressive streak of inflows, accumulating over $756 million since their inception. This sustained institutional demand, coupled with technical indicators suggesting a bullish divergence, is fueling optimism for a potential trend reversal and price recovery for XRP.
Key Takeaways
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Spot XRP ETFs have attracted over $756 million in inflows since their launch.
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Emerging bullish divergence on the Relative Strength Index (RSI) and a buy signal from the TD Sequential indicator suggest growing momentum.
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XRP price needs to break above the $2.20-$2.50 range to pave the way for a potential rise to $3.
Strong XRP ETF Inflows Spark Optimism
US-based spot XRP ETFs have consistently attracted investors, recording their eleventh consecutive day of inflows. On a recent Monday alone, these ETFs added $89.65 million, bringing the cumulative total to $756 million. This sustained demand has pushed the total assets under management (AUM) for these ETFs to $723 million. Among the active ETFs, Canary’s XRPC on Nasdaq leads with $350 million in cumulative net inflows, followed by Bitwise’s XRP ETF at $170 million. Over the past eleven days, approximately 330 million XRP tokens have been absorbed, outperforming Solana ETF flows and occurring even as Bitcoin ETF inflows have been more modest.
Global XRP exchange-traded products (ETPs) also saw significant inflows, drawing $289 million last week. This surge is largely attributed to the recent launch of US-based XRP ETFs. Adding to the institutional accessibility, Vanguard, a global investment management company with $11 trillion in AUM, has begun allowing its over 50 million clients to trade crypto ETFs, including XRP ETFs, on its platform.
XRP's Bullish Divergence Signals Growing Momentum
Beyond the strong ETF inflows, technical indicators are also pointing towards a potential XRP price rebound. An emerging bullish divergence between the XRP price and the Relative Strength Index (RSI) on the daily chart suggests waning bearish momentum. This occurs when the price registers lower lows while the RSI forms higher lows, often signaling a potential reversal.
Furthermore, the TD sequential indicator has flashed a buy signal on XRP’s weekly chart. Historically, every time this indicator has suggested buying since mid-2021, the XRP/USD pair has experienced rallies ranging from 37% to 174%. The TD Sequential indicator predicts a potential rebound from current levels, possibly reaching up to $5.60 if the trend continues. However, XRP faces immediate resistance between $2.20 and $2.50, a level also supported by the 50-week simple moving average. A decisive break above $2 and the 20-day EMA around $2.18 could propel XRP towards the $3 psychological level.
Sources
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XRP ETF inflows exceed $756M as bullish divergence hints at trend reversal — TradingView News, TradingView.
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XRP ETF inflows exceed $756M as bullish divergence hints at trend reversal, CediRates.
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Vanguard Lists XRP ETFs for Clients as Inflows Exceed $756M, The Crypto Basic.
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Vanguard Lists XRP ETFs as Inflows Surpass $756 Million and Institutional Demand Accelerates, Coinfomania.
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