Ripple (XRP) is showing signs of recovery with a 15% monthly gain as market conditions improve. Analysis by CryptoQuant highlights increased network activity and liquidity on the XRPL decentralized exchange, which reached $173 billion. This growth suggests fresh capital inflows and potential for a major price move.
Institutional interest is evident with US-listed spot XRP ETFs receiving $46.10 million in inflows on January 5th. The Taker Buy Ratio indicates stronger buying pressure, and XRP's breakout from a falling wedge pattern has helped maintain its price above $2.30, signaling a possible trend change.
Ripple (XRP) Gains Momentum as Institutional Activity Rises
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