Interest in XRP is rapidly increasing, and this is reflected in the US exchange-traded funds. In less than a month, total capital is approaching the $1 billion mark. However, from a technical perspective, there’s also a warning: the price is at a point where both a breakout and a sharp decline are possible.
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XRP Funds Continue to Break Records #
New figures show that demand for XRP among traditional investors is strongly increasing. Since the launch, US XRP ETFs have recorded thirteen consecutive days of inflows. On one day, over $50 million was added, and yesterday another nearly $13 million. This brings the total to $887 million, which is approximately 760 million euros.
ETFs are exchange-traded funds that simplify the investment process for investors. They don’t need to store crypto themselves but can still benefit from price movements through the ETF. The fact that XRP funds are approaching the billion-dollar mark in such a short time shows how quickly confidence is growing.
Other crypto ETFs are also performing strongly. Funds with Solana attracted over $600 million. Bitcoin ETFs remain by far the largest segment with nearly $58 billion, followed by Ethereum with $13 billion.
Technical Picture of XRP Shows Crucial Moment #
Despite the ETF success, the XRP price itself shows an exciting pattern. Analyst Dom sees a pattern in the chart that could indicate a potential upward turn. According to him, selling pressure seems to be decreasing, which is generally a positive signal.
Nevertheless, it remains exciting. The price is fluctuating around $2.10, and especially the $2.22 level is important. If XRP can move above that, it could, according to the analyst, provide room for an increase toward $2.50. According to him, the order books are thin, which means a breakout could quickly lead to additional price movements.
But if the price drops below $2, the year could end less positively. This level is seen by traders as an important bottom. If that bottom breaks, the downward trend that has been playing out for months could regain the upper hand.
The combination of strong ETF figures and an exciting price chart makes the coming weeks extra interesting for XRP. Investors are therefore closely watching the next move.