XRP has experienced a strong resurgence over the past 48 hours, climbing 14.8% amid renewed enthusiasm surrounding the launch of spot ETFs from Grayscale and Franklin Templeton.
The heightened interest has fueled optimism among existing investors and injected fresh momentum into one of the most closely watched altcoins in the market.
XRP Investors Are Bullish
The debut of the new XRP ETFs has drawn significant investor attention. Data shows that on Monday alone, all XRP exchange-traded funds collectively recorded $164 million in inflows. These new inflows pushed cumulative ETF investments in XRP to $586 million, signaling strong demand during the early stages of ETF adoption.
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The immediate response highlights strong confidence in XRP’s long-term potential. With fresh capital entering the market through regulated investment products, institutional exposure is expanding. This trend supports a favorable environment for continued price appreciation, especially as ETF-driven demand stabilizes.
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Spot XRP ETF Inflows. Source: SoSoValueMacro indicators strengthen the bullish case for XRP. Balances held on exchanges dropped by 73 million tokens within 24 hours, equivalent to roughly $164 million worth of outflows. This shift indicates active buying, with holders moving XRP off exchanges and into long-term storage.
While existing investors remain cautious due to recent volatility, their willingness to accumulate during rallies reflects underlying optimism. Reduced exchange supply often contributes to upward price pressure.
XRP Exchange Balance. Source: GlassnodeXRP Price To Rise Sharply
XRP’s price has risen 14.8% in two days, now trading at $2.24. The altcoin remains just below the critical $2.28 resistance level, which has historically served as a key barrier. A successful breach of this level could determine the strength of the current rally.
Given the strong ETF inflows and decreasing exchange balances, XRP appears positioned for continued gains. A breakout above $2.28 could propel the price toward $2.36 and eventually $2.50. Reaching these levels would help XRP recover its recent 22% monthly decline and restore bullish structure to the chart.
XRP Price Analysis. Source: TradingViewHowever, if bullish momentum weakens or broader market sentiment deteriorates, XRP may struggle to clear resistance. A rejection at $2.28 could send the price back down to $2.14, where losing support would invalidate the bullish thesis and stall the recovery attempt.
Source: https://beincrypto.com/xrp-price-aims-at-rise-after-strong-etf-inflows/
