XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?

Coingapestaff
Updated
Coingapestaff

Coingapestaff

Journalist
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?

Highlights

  • XRP Spot ETF inflows near $1 billion, signaling strong demand.
  • Analyst predicts potential buy signal for XRP using TD Sequential.
  • XRP price faces resistance near $2.50, support at $2.00.

XRP price dropped 5% in the last 24 hours, stabilizing around $2.00 as the market faced a bearish trend. Despite strong institutional growth within Ripple, the broader crypto market decline affected XRP. 

Bitcoin price hovers below $90k, pushing down prices further. Nonetheless, inflows of Spot ETFs of close to $1 billion. Analysts are optimistic that XRP may experience a positive trend in case the market revives and institutional investments keep increasing.

XRP Spot ETF Sees Unstoppable Growth: Nears $1 Billion in Inflows

The United States XRP spot ETF is also taking the same direction as the ETF of SOL where it records 14 consecutive days inflows and zero outflows. Such a trend indicates an increasing interest in XRP, as the ETF now approaches a large milestone of a total inflows of $1 billion.

The recent statistics show high net inflows, and the price of XRP changes insignificantly, which is a sign of a high demand of the cryptocurrency, which has a positive market mood.

XRP Price Signals Potential Buy, Says Analyst

A crypto analyst Ali has just provided an intriguing study of the XRP markets. According to Ali, the cryptocurrency can be going through a period of buying according to the TD Sequential indicator.

The TD Sequential is a trend-following tool that is widely used to predict market trends. The chart by Ali shows a possible buy point of XRP. The graph portrays candlesticks with some being big and others being small in size.

Is XRP Price Preparing for a Breakout Toward $2.50?

The XRP price is trading at $2.02 as of this writing, with a downward movement of around 5%. The price has encountered significant resistance around the $2.50 level and support near the $2.00 range. 

The price has been fluctuating within well-defined support and resistance levels. If XRP price continues to stay above the $2.00 mark, it might attempt a rebound towards the $2.20 as Full XRP forecast report.

Source: XRP/USD-4-hour chart: Tradingview

The line of MACD is below the signal line, indicating a bearish trend. Also, there is the Chaikin Money Flow (CMF), an indicator which is positive but has a slight downtrend, meaning that the buying pressure is becoming weak.

However, any further drop below $2.00 could signal a deeper decline, with the next support around $1.80.

Advertisement

Frequently Asked Questions (FAQs)

1. What is the TD Sequential indicator and how does it apply to XRP?

The TD Sequential is a technical analysis tool that predicts market trends. Analyst Ali suggests it indicates a potential buying phase for XRP.

2. Will XRP break past the $2.50 resistance level?

XRP has encountered resistance around the $2.50 mark. If it maintains above the $2.00 support, it may attempt a breakout.
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$2.0254 -3.48%

24 Hours volume

$3.1B

Market Cap

$122.2B

Max Supply

100B

Buy $XRP with MEXC
About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.