XRP Inflows Hit $134M; Bulls Defend $2.70–$2.80 Range
XRP recorded $134.1 million in weekly inflows into XRP-based products, marking the third-largest inflow on record. According to the CoinShares report, this surge follows $189.6 million in July and $145 million in December. XRP inflows of this scale reflect growing institutional demand for altcoins beyond Bitcoin and Ethereum.
Investment vehicles such as trusts and exchange-traded products saw most of the capital. Institutional investors are diversifying into XRP, drawn by its cross-border payment use cases and strategic partnerships.
On the price chart, bulls have held support between $2.70 and $2.80. This range is a key battleground. A sustained hold could lead to a retest of $3.00. Conversely, a drop below $2.60 may trigger a sharp selloff toward $2.30.
Traders should watch these levels closely. Volatility remains high. The next move could define XRP’s short-term trend.
Bullish
High inflows into XRP-based products indicate strong institutional demand, a key bullish signal. Historic data shows that previous inflow spikes in July and December preceded significant price rallies. The current $134.1M XRP inflows rank third-largest on record, underlining growing confidence from professional investors.
Moreover, XRP’s ability to hold the $2.70–$2.80 support range demonstrates buying strength among traders. Maintaining this level is crucial for a potential rebound toward $3.00. Should bulls continue to defend the zone, short-term momentum is likely to turn positive.
However, traders must monitor for a breakdown below $2.60, which could trigger a selloff toward $2.30. Overall, the combination of substantial inflows and defended support suggests a bullish outlook, though volatility remains a risk. On balance, the news supports upward price potential for XRP in the near term.