XRP Sees $145 Million Weekly Inflow Amid Whale Activity: Is $3 on the Horizon?
Key Highlights:
- XRP recorded $145.8 million in inflows last week, according to CoinShares.
- Analysts remain optimistic about XRP surpassing the $3 mark in the near future.
- A whale moved 800 million XRP tokens from Binance, signaling bullish sentiment.
XRP Sees Massive Institutional Buying
XRP continues to capture investor interest, with CoinShares reporting $145.8 million in inflows for the past week, an increase from $134.3 million the week prior. This is part of a broader trend of inflows into digital asset investment products, which saw a total of $3.2 billion last week. Institutional and retail interest remains robust, contributing to the 10th consecutive week of inflows.
Market optimism around XRP has grown, fueled by speculation over a potential U.S. XRP ETF launch under a more crypto-friendly administration and the resignation of SEC Chair Gary Gensler. Companies like Bitwise, 21Shares, Canary Capital, and WisdomTree have filed ETF applications with the SEC, heightening anticipation.
Meanwhile, the crypto community is also looking forward to the resolution of Ripple’s legal battle with the SEC, as the regulatory agency is set to file its principal brief by January 15. Ripple’s Chief Legal Officer, Stuart Alderoty, has criticized Gensler for employing recycled arguments against Ripple, similar to those used in recent lawsuits against Binance.
Rising Demand for Bitcoin, Ethereum, and XRP
Bitcoin and Ethereum investment products continue to dominate inflows, with Bitcoin reaching a new all-time high of $106,500 and Ethereum briefly surpassing $4,000. XRP, however, has maintained strong momentum, supported by a global rise in inflows from countries like Switzerland, Germany, Canada, and Australia.
Blockchain equities have also gained traction, recording $124 million in inflows—the highest since January—driven by improving Bitcoin miner margins and growing investor confidence.
Analysts Forecast XRP Surge to $3 and Beyond
Analysts remain optimistic about XRP’s price trajectory, with many predicting it will break the $3 mark. The upcoming launch of Ripple’s RLUSD stablecoin is also expected to provide additional momentum.
Popular crypto analyst CrediBULL Crypto described XRP’s market structure as “exceptionally bullish,” forecasting a potential surge to $5 by 2025. He advised traders to focus on the larger market trends, describing XRP’s outlook as “incredibly and unequivocally bullish.”
Meanwhile, Crypto Tony’s Elliott Wave analysis suggests that XRP has rebounded from $2.91, with bullish pressure building toward the $3 level.
Adding to the positive sentiment, Whale Alert reported that a whale transferred 800 million XRP tokens, worth approximately $1.92 billion, from Binance to an unknown wallet. This large-scale transaction highlights the growing confidence of major investors in XRP.
Current XRP Market Status
Despite the recent bullish indicators, XRP’s price has dipped 2% in the past 24 hours, currently trading at $2.36. The 24-hour trading range has been between $2.34 and $2.47, but a 13% increase in trading volume suggests rising interest among traders.
With strong institutional support, whale activity, and positive market sentiment, XRP appears well-positioned for further growth, with analysts closely monitoring its approach to the $3 milestone.
