XRP Surges with $11.2M Weekly Inflow – Can It Break $2.37 Resistance?
Institutional investors continue pouring money into XRP, with inflows surpassing other major altcoins. CoinShares’ Head of Research, James Butterfill, reported that XRP attracted $11.2 million in inflows this week, far exceeding Solana’s $3 million. Year-to-date, XRP has secured $116 million in inflows, outpacing Solana’s $29 million by four times. Large investors and whales seem confident in XRP’s long-term growth, increasing speculation about a potential price rebound. This influx arrives at a crucial moment as the market speculates on key catalysts for XRP’s recovery. With institutional adoption on the rise and regulatory clarity improving, investors closely watch the token for signs of a breakout. XRP ETF Filing and SEC Case Developments Boost Optimism Several macroeconomic factors could impact XRP’s price trajectory in the coming months. The Chicago Board Options Exchange (CBOE) has filed a 19b-4 with the U.S. Securities and Exchange Commission (SEC) to approve an XRP exchange-traded fund (ETF). 21Shares, Bitwise, WisdomTree, and Canary Capital support this filing, signaling an important step toward mainstream adoption. Legal analysts expect major developments in the Ripple vs. SEC case by 2025. Some believe the SEC might drop several crypto-related lawsuits under new regulatory policies. A favorable outcome could fuel a surge in XRP demand, boosting investor confidence and driving prices higher. If regulatory uncertainty clears, XRP could see a strong uptrend in the near future. Read Also: Cardano (ADA) Drops 37%, Then Jumps 41% –… XRP trades around $2.28, facing strong resistance at key levels. The 50-day Exponential Moving Average (EMA) at $2.48 continues to act as dynamic resistance, reinforcing a short-term bearish trend. The prevailing trendline suggests XRP will remain in a downtrend unless it breaks above the critical $2.37 pivot point. If XRP breaks above $2.37, it could gain momentum and push toward the next resistance levels at $2.56 and $2.79. A breakout beyond these levels might trigger a bullish rally, allowing it to reclaim higher price territories. However, if the price fails to surpass resistance, sellers will likely maintain control. If the token falls below $2.20, it could experience accelerated selling pressure, exposing it to further downside risks. Traders remain cautious, monitoring broader market trends and macroeconomic factors to determine XRP’s next move. Whales Accumulate 520M XRP, Strengthening Bullish Sentiment Whales have accumulated over 520 million XRP in recent weeks, reinforcing long-term bullish sentiment. Their increasing holdings suggest expectations of a future price surge, likely fueled by regulatory clarity and institutional adoption. While short-term technical resistance persists, large-scale investors continue adding to their positions, signaling confidence in XRP’s future potential. Read Also: Cardano Expands Institutional Reach with Virtune’s New ADA… Institutional inflows into XRP remain strong, surpassing those of Solana. The latest XRP ETF filing, backed by leading asset managers, further strengthens its adoption case. Meanwhile, Ripple’s legal battle with the SEC could reach a resolution in 2025, potentially acting as a major bullish catalyst. Despite the bearish technical outlook, the token may rally if it breaks above $2.37 and maintains upward momentum.
