NEW YORK / LONDON (IT BOLTWISE) – Cryptocurrency XRP is enjoying a remarkable rally, driven by significant inflows into newly launched spot ETFs in the US. Within just two weeks of their launch, these ETFs recorded $666 million in inflows. This development has boosted investor confidence and pushed the XRP price up by 16%.
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The launch of spot ETFs for XRP in the US has led to a significant increase in investments, which has a positive impact on the market price of the cryptocurrency. Within just two weeks of their approval, these ETFs recorded $666 million in inflows, increasing investor confidence in the future of XRP. This development pushed the price of XRP up by 16% and surpassed the $2.20 mark.
The strong demand for XRP is supported by the activity of large investors, so-called whales, who have added about 150 million XRP tokens since November 25th. These purchases represent an additional investment of approximately $330 million based on current prices. These developments indicate growing institutional interest that could further drive the market.
Technical indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest a possible continuation of the uptrend. The MACD is near the middle, indicating potential volatility, while the RSI is at 52, leaving room for further gains. Analysts expect that if momentum continues, XRP could reach $2.40, $2.60, and possibly $3.00.
In parallel, demand is growing for Ripple’s RLUSD stablecoin, which has reached over $1 billion in circulation on Ethereum within a year. According to Ripple manager Reece Merrick, the stablecoin is increasingly being used for global payments, underscoring its importance in the financial sector. Regulatory support from the GENIUS Act and Ripple’s commitment to tokenization are also contributing to rapid adoption.
The entire crypto market is showing signs of recovery, with other major assets such as Ethereum, Solana and Cardano also recording gains. XRP is benefiting from this positive sentiment as well as the institutional interest generated by the ETFs. Analysts believe that if Bitcoin price remains stable above $90,000, XRP could continue to rise. The launch of the US Spot XRP ETF under the symbol TOXR by 21Shares is expected to attract additional attention from Monday.
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