Price of XRP is currently at $1.42, down 3.2% from its high price of $1.50 and 6.0% below the recent peak. Despite the pullback analysts still believe XRP will continue to grow due to several technical and market factors.
The key takeaways
- The Spot ETFs for XRP logged inflows worth $25.8 Million on Monday. These inflows have pushed the net cumulative inflows up to an all-time high of $1.35Billion.
- Analysts claim that XRP has potential for a prolonged rally. Charts are aiming at as much as $10.
XRP ETF Demand Makes a Comeback
CoinShares data shows that the demand from institutions for XRP investments products is increasing.
XRP ETPs are exchange traded products. posted inflows totaling $40 million The week ended May 8, 2018. This investment product has now seen $191 million net inflows in 2026. Total assets managed (AUM), therefore, have reached $2.5 billion.
Related: XRP price copies 2025 chart fractal that last time sparked 66% gains
James Butterfill, head of CoinShares research said that this is a “notable acceleration” The US CLARITY Act has led to an increase in the number of inflows, according to a report. compromise proposal regarding stablecoin yields Released May 1.
Crypto Funds Net Flows Data Source: CoinShares
The flow of money into exchange-traded fund (ETF) spot XRP continues, as over $25 million was deposited on Monday. This marks five days in a row that net flows have been positive, the biggest since January 5.
Spot XRP ETF flows data. Source: SoSoValue
The cumulative net flows have reached a record high of 1.35 billion dollars.
Net inflows cumulatively into the spot XRP ETFs. Source: bluroo.ai
The price of XRP could rise as a result.
“XRP ETFs just recorded their biggest daily inflow” Xaif Crypto, a crypto analyst with over four years of experience, has published a report on the cryptocurrency market. said In a post published on Tuesday, X added:
“Institutional money is accelerating into XRP at a pace the market is still underestimating.”
Fellow Analyst CW8900 said XRP’s cumulative volume delta (CVD), which measures the 90-day volume of spot takesrs, has flipped to green. “upward pressure in the spot market is increasing.”
XRP Spot Taker CVD Source: CryptoQuant. Source: X/CW8900
Cointelegraph reportedXRP social sentiment has recently reached a two-year peak, increasing XRP’s prospects of sustaining a price recovery.
Investors claim XRP has a high value. “preparing for another rally”
TradingView’s data indicates that the XRP/USD pair is up by 5% this month, and its open interest in futures (OI), has increased 23%. data from CoinGlass.
“The upward momentum of $XRP is growing,” CW8900 responded to XRP OI’s increasing by saying:
“It is preparing for another rally.”
Bird, an analyst at X posted a blog on Tuesday. said “XRP will rally next” The price rose above a support line that had been in place for several months on the chart.
Chart of XRP/USD for the day. Source: X/Bird
Analyst ChartNerd argues XRP has bounced off a support line that was ascending for several months. “the stage for a breakout” A golden cross is seen on the MACD weekly chart, pointing towards $1.80.
CryptoPatel has a higher target. It says that the pair XRP/USD could replicate the rally of Q4 2024 on “the road to $10” After breaking through the $1.30-$1.30 range.
BTC/USD two-week chart. Crypto Patel
Cointelegraph reported, multiple technical indicators suggested that an XRP price breakout may be underway, pointing to a possible rally to as high as $12.
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Source: cointelegraph.com
