🚀 $190M Inflows Fuel XRP’s Bullish Structure — Is a Breakou
koinmilyoner
Updated at: 11 hours ago
{"content":"🚀 $190M Inflows Fuel XRP’s Bullish Structure — Is a Breakout Next?
XRP likely to return to record high on market optimism.
Inflows into XRP investment products totaled $190 million last week, indicating institutional interest.
Exchange Reserves fell to 2.95 billion XRP, indicating less selling pressure.
Ripple (XRP) price is down marginally, now trading at $3.16 on Monday. After a 19% drop from its record high of $3.66, the international money remittance token reached $2.95 on Thursday.
XRP is among the cryptocurrencies that stood out last week as cash inflow into linked investment products rose dramatically. XRP experienced $190 million inflows last week, driven by favorable altcoin market sentiment, according to a CoinShares report issued on Monday.
Ethereum (ETH) had its second-largest week ever with $1.59 billion inflows. By contrast, Bitcoin (BTC) suffered slight outflows of $175 million, underlining the change in market dynamics despite the price of BTC remained around its record high of $123,218.
“These altcoin inflows may be driven less by broad-based enthusiasm and more by anticipation surrounding potential United States (US) exchange-traded fund (ETF) launches,” CoinShares said.
Bloomberg analyst Eric Balchunas recently raised his projection to 95%, boosting confidence for crypto goods bought directly on stock markets without holding the underlying assets.
CryptoQuant's Exchange Reserve measure shows a drop in exchange tokens, notably on Binance. By Sunday, the blue line on the figure below averaged 2.95 billion XRP, down drastically from 3 billion.
Support at $3.00, tested on July 21 and capped price movement in early March, is of interest. XRP may draw risk-on investors if it breaks over $3.40, allowing it to rebound to $3.66, its record high.
If the down wave goes below $3.00, Friday's $2.95 support is crucial for the uptrend to resume. The 3-day chart's 50- and 100-period Exponential Moving Averages (EMAs) at $2.42 and $2.08 are very important to traders.
#xrp #Xrp🔥🔥 #XRPGoal $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/28/1fe42afa404547a6927e8bd820c0556a.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}