XRP exchange-traded fund (ETF) inflows have surged by 63% to $3.59 million, driven by the U.S. Securities and Exchange Commission's (SEC) recognition of XRP as an eligible trust asset. This regulatory development has enhanced institutional access to XRP through structured financial products, bolstering capital inflows into XRP-linked instruments.
Institutional buyers have concentrated their activity within the $1.35 to $1.40 range, indicating steady accumulation despite limited price movement. XRP traded near $1.3776, gaining 1.10% on the day, though it remains below major moving averages, suggesting a likely consolidation range between $1.3100 and $1.4200 in the near term. Technical indicators reflect weak momentum, with the Ichimoku Kijun level at $1.3944 acting as immediate resistance.
XRP ETF Inflows Surge 63% Following SEC Trust Asset Recognition
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