XRP Records $145 Million Inflow, Ripple’s Coin Price to Hit $3?

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As a seasoned crypto investor with over a decade of experience under my belt, I must admit that the recent surge in XRP inflows has caught my attention. With institutional demand on the rise and the prospect of an XRP ETF launch in the U.S., it seems the tides are turning for Ripple‘s native coin.

XRP News: Digital asset investment products continue to record massive inflows, with $3.2 billion in inflows last week. This was the 10th consecutive inflows amid massive interest from institutional and retail investors. Notably, XRP also saw record buying of $145.8 million, an increase from $134.3 million in the previous week amid XRP price rally.

XRP News: Institutions Buy $145 Million XRP Coin

As a crypto investor, I’m excited to share that recent research by CoinShares revealed some fascinating figures. Last week alone, digital asset investment products experienced a net inflow of approximately $3.2 billion. This remarkable growth adds to the staggering year-to-date total of over $44.5 billion in inflows! It’s worth noting that last week saw significant investments in Bitcoin and Ethereum, with an impressive $2 billion and $1 billion flowing into these digital assets respectively.

Interestingly, there’s been a steady flow of XRP into its reserves as a result of growing institutional interest. The likelihood of an XRP ETF debuting in the U.S. has grown substantially, thanks to the pro-crypto policies under the Trump administration and the resignation of SEC Chair Gary. Companies like Bitwise, 21Shares, Canary Capital, and WisdomTree have submitted applications, hoping to secure approval from the U.S. Securities and Exchange Commission (SEC).

Moreover, there’s optimism within the cryptocurrency community that the Ripple vs SEC lawsuit may come to an end following Chair Gary Gensler’s departure from the Securities and Exchange Commission (SEC). The agency is due to submit its main argument by January 15th. Some speculate that Gensler might raise issues for Ripple similar to those he did in the recent Binance lawsuit. However, Ripple’s Chief Legal Officer, Stuart Alderoty, criticized Gensler for relying on the same unsuccessful arguments used against Binance.

Rise in Demand For Bitcoin, Ethereum, and XRP

The interest in investment products tied to Bitcoin and Ethereum is escalating as their prices soar. Today, Bitcoin’s price surged to an unprecedented peak of almost $106,500. For a brief moment, Ethereum’s price breached the $4000 mark, only to later dip to around $3900.

Countries like Switzerland, Germany, Canada, and Australia are experiencing an increase in investments as well. According to recent findings, “The value of blockchain stocks increased by US$124 million, marking the highest inflow since January this year, due to growing investor trust in the strengthening profits of Bitcoin miners.

Analysts Predicts XRP Price to $3

Optimistic experts predict that the value of XRP could surpass $3, given the latest developments such as the impending release of Ripple’s RLUSD stablecoin.

As a researcher examining the XRP market, I find myself utterly captivated by its structure – it’s not just clean, but strikingly so, with a bullish trend that borders on the extraordinary. Predicting the future, I envision XRP effortlessly trading above $5 by 2025. In my analysis, focusing on shorter timeframes may cloud your vision; instead, I encourage traders to consider the broader perspective, as the long-term outlook for XRP is undeniably and unmistakably bullish.

According to Crypto Tony’s Elliot Wave analysis, the price of XRP bounced back at $2.91. On a weekly scale, the chart suggests that bullish momentum is building up once more, potentially pushing towards $3.

Currently, it’s been reported by Whale Allet that a large investor (whale) transferred approximately 800 million dollars worth of Ripple’s native coin from Binance to an unidentified wallet. This action suggests that these significant investors are highly optimistic about the future price increase (bullish) of Ripple’s coin.

800,000,000 #XRP (1,927,321,529 USD) transferred from #Binance to unknown wallet

— Whale Alert (@whale_alert) December 16, 2024

Over the past day, the price of XRP dipped by 2%, now standing at about $2.36. The lowest and highest prices within this period were $2.34 and $2.47 respectively. Interestingly, the trading volume has surged by 13% over the same timeframe, suggesting a heightened curiosity among traders.

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2024-12-16 15:38