Institutional Demand Drives XRP Inflows
Digital asset investment products recorded $3.2 billion in inflows** last week, marking the 10th consecutive week of growth. XRP saw **$145.8 million in institutional purchases, up from $134.3 million the previous week, coinciding with its ongoing price rally.
Key Developments:
- Bitcoin and Ethereum led inflows with $2 billion and $1 billion, respectively.
- XRP’s ETF prospects improved due to regulatory shifts, including SEC Chair Gary Gensler’s resignation and a crypto-friendly U.S. administration.
- Ripple vs. SEC lawsuit progress: The SEC’s principal brief is due by January 15, with optimism growing for a resolution.
👉 Explore real-time XRP price trends
XRP Price Analysis: Bullish Signals Emerge
Current Market Data (As of December 2024):
- Price: $2.49 (3% daily increase)
- 24-Hour Range: $2.34–$2.57
- Trading Volume: Up 78%, signaling heightened trader interest.
Whale Activity:
- 800M XRP ($1.92B) moved from Binance to an unknown wallet, indicating strong institutional confidence.
Analyst Predictions: Can XRP Hit $3?
Bullish Outlooks:
- CrediBULL Crypto: Highlights XRP’s "clean and bullish" structure, forecasting $5+ by 2025.
- Crypto Tony: Elliott Wave analysis suggests a rebound from $2.91, with momentum building toward $3.
Catalysts:
- RLUSD stablecoin launch by Ripple.
- Regulatory clarity post-SEC lawsuit.
FAQ Section
1. Why are institutions buying XRP?
Institutional demand stems from ETF speculation, regulatory progress, and Ripple’s expanding ecosystem (e.g., RLUSD).
2. What’s the short-term price target for XRP?
Analysts eye $3 this week if bullish volume sustains.
3. How does the SEC lawsuit affect XRP?
A favorable resolution could remove legal overhangs, boosting investor confidence.
4. Are whale movements significant?
Large transfers (e.g., 800M XRP) often precede price volatility or institutional accumulation.
5. What risks should traders watch?
Regulatory delays or broader market downturns could dampen momentum.
Final Thoughts
XRP’s $145M inflows**, whale activity, and technical setups suggest potential for a **$3 breakout. However, traders should monitor SEC developments and market sentiment.
👉 Stay updated with XRP’s latest movements
Note: Always conduct independent research before investing.
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