XRP ETF inflows hit $11.94M as $1.65 breakout eyed
XRP ETF inflows surged to $11.94 million in one day even as the broader crypto market stayed weak. Ripple’s XRP traded around $1.05, up about 1.25% over 24 hours, with roughly $1.6B in volume and a $65.72B market cap.
Institutional demand was highlighted by Bitwise’s XRP ETF, which led its category with $11.94M in daily inflows. Since launch (November), the fund’s total net inflow has exceeded $505 million, suggesting that larger players are continuing to add or hold XRP exposure despite short-term selling pressure.
On the technical side, analysts pointed to $1.65 as the key macro resistance. A sustained move above that level is viewed as the likely trigger for a stronger bullish phase. The article also compares the current setup to prior cycles, when XRP formed bottoms near long-term moving averages and then rallied sharply. Traders are watching whether XRP can reclaim key averages, or retest the long-term support zone.
Overall, XRP ETF inflows are reinforcing the bullish narrative, while $1.65 remains the decisive price level for near-term direction. The upside targets mentioned include $7.50 and potentially higher levels if the breakout holds.
Bullish
The news is bullish because XRP ETF inflows stayed strong ($11.94M daily; $505M+ since launch) while XRP itself was consolidating near $1.05. In past ETF-driven episodes, sustained product inflows often reduce the probability of a quick downside reversal and help traders anchor a “breakout later” thesis—especially when a clear technical trigger exists.
Here, the trigger is $1.65 resistance. If ETF inflows continue while price reclaims and holds above $1.65, momentum traders are likely to join, which can accelerate upside toward the $7.50 area cited in the article. In the short term, the market may remain range-bound until that level is breached; in the long term, persistent institutional accumulation can improve sentiment and support higher valuation expectations.
However, the article notes broader market weakness, so traders should expect volatility. A failure to break $1.65 could lead to another consolidation leg, even if ETF inflows remain positive.