Ripple’s XRP Path to Reclaiming All-Time Highs In View As XRP ETF Likely to Bring In Billions in Inflow ⋆ ZyCrypto
The post Ripple’s XRP Path to Reclaiming All-Time Highs In View As XRP ETF Likely to Bring In Billions in Inflow ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     XRP price plummeted alongside the broader crypto market but has maintained slight gains in the last seven days. This weekly flow remains a positive spark for retail investors to rally around the asset as sell pressure weakens. The wider market selloff saw a second week of massive outflows, with assets testing resistance levels. The total market capitalization fell to $3.19 trillion at press time, 2% lower than the previous day. XRP Bulls View Upward Trajectory This year, XRP became the leader among top crypto gainers on the heels of institutional investment and partnerships. Bulls tipped the asset to reclaim its all-time high position after years of low trading due to regulatory concerns. As a result of these bullish activities, XRP recorded double-digit inflows, soaring to above $2.6. This led to the asset outpacing Tether’s USDT as the third-largest crypto by market capitalization for the second time in a month. However, the wider market crash saw the asset lose a portion of its gains last week. While major assets lost all gains, XRP held on to 3% of weekly inflows which bulls describe as a needed catalyst to turn the tide. XRP trades at $2.43, picking a string of retail and institutional positions while daily trading volumes also gain momentum. Daily volumes are up 76% from last week’s lows, with funds tracking over $42 million. The bull of XRP’s string resistance kicked off in December on anticipated positive rules in the United States. ETF Anticipation Boosts Rally Its case with the US Securities and Exchange Commission resulted in a headwind slowing growth. With regulatory clarity in sight, XRP is poised to be among the major gainers. Firstly, inflows continue to rise based on growing anticipation for a spot ETF in the country. Mirroring the success of Bitcoin products,…
Filed under: News - @ February 11, 2025 1:16 am