- Strong ETF inflows show rising interest from big investors and financial institutions.
- XRP price jumped over 12% crossing $2.40, pushing market value back to $142 billion.
- Whale Alert reports a 300M XRP transfer worth over $650M from a Ripple-linked wallet.
XRP grabbed the spotlight today after its exchange-traded funds (ETFs) became the best-performing crypto ETFs in the market. The ETF, which was released in November, has yet to see a single day of outflow.
Over the last 24 hours, XRP’s price climbed more than 12%, pushing its total market value back to around $145 billion, and trading volume has increased over 130%. The token is now trading above $2.40, a level it had struggled to hold in recent months.
The rally was largely driven by spot XRP ETFs, which together saw about $46 million in net inflow. Bitwise XRP ETF led the way with roughly $16.6 million in inflows, followed by funds from Franklin and Canary Capital. In just under two months, total inflows into XRP ETFs have crossed $1.3 billion, a strong sign of growing institutional demand.
On-chain data also shows that the amount of XRP held on exchanges is declining. This usually suggests investors are moving tokens into long-term storage rather than preparing to sell.
Ripple Wallet Activity Raises Questions
However, on the flip side, blockchain tracking service Whale Alert reported a large XRP transfer from a wallet linked to Ripple. The transaction involved 300 million XRP worth over $650M.
While large transfers often spark speculation, there is no confirmation yet about the purpose of this move. Ripple regularly shifts funds for operational reasons, including liquidity management and partnerships.
Technical Outlook Remains Mixed
Despite the strong rally, an analyst has issued a warning. From a technical perspective, XRP is still trading below an important resistance zone between $2.69 and $2.84. Until price clearly breaks above this range, the move could remain part of a broader sideways trend.
The analyst also says that the current rise appears to be a short-term structure, not yet a confirmed long-term breakout. A sustained move higher would require stronger price patterns and follow-through buying.
What Comes Next for XRP?
For now, XRP bulls have momentum on their side, supported by ETF activity and rising volume. Still, the market is waiting for a decisive breakout above major resistance levels before calling this a full trend reversal.
Related: XRP Price Prediction: XRP Faces Technical Pressure as Market Signals Shift Toward Consolidation
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/spot-xrp-etfs-outperform-xrp-jumps-12-as-price-breaks-2-40/
