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XRP Witnesses Largest Inflow – Ripple Prepares to Break Through?
XRP has increased by 9.5% in the past 24 hours, soaring to $2.30 after U.S. President Donald Trump expressed willingness to sign a trade agreement with China. The cryptocurrency market as a whole has increased by 5% today, while XRP has risen by 11% over the past week and increased by 25% in the last two weeks. And these profits come when XRP has cash flowing into the cryptocurrency funds of the largest institutions this week, according to data from CoinShares. This indicates that the demand for altcoins is increasing, witnessing the fundamental position of this currency being strengthened in recent weeks, laying the foundation for some significant gains by the end of the year. XRP witnesses the largest influx of capital – Is Ripple ready to break out? CoinShares has announced its weekly Digital Asset Fund Flows report, and interestingly, XRP has led the market in inflows since the beginning of April. Last week, token funds saw an inflow of $37.7 million, while Bitcoin and Ethereum once again experienced net outflows.
This means that XRP is currently the fourth largest cryptocurrency in terms of total investment in digital funds, a sign of increasing interest from institutions in this token. The increase in recent weeks reflects this interest; however, today's rise is also supported by Donald Trump's remarks yesterday, which could lead to a resolution for the ongoing tariff situation. Assuming that the United States reaches an agreement with China, the market will continue to recover strongly, potentially returning to a bull market if that agreement is accompanied by agreements with other trade partners. And in such a context, XRP is one of the most promising candidates that has the potential to perform well, considering its enviable fundamental factors. In recent weeks, Ripple and the SEC have officially concluded their lengthy lawsuit, freeing Ripple to continue its goal of becoming a serious alternative to SWIFT. In such a context, XRP can only increase, and it seems that it will continue to grow further in the near future.
This is clearly shown on the one-day chart, indicating that the RSI index has risen above 60 and is heading higher, while the 30-day moving average (orange) has just started to rise above the 200-day moving average (blue). Based on this, we can expect the price of XRP to reach $2.50 at the beginning of next month, while it may return to $3 in the second half of the year.