Xrp Etf Inflows Exceed $756m As Bullish Divergence Hints At Trend...

Spot XRP ETFs recorded inflows for 11 consecutive days as the RSI formed a bullish divergence on the price charts, early signs that a rally was in the cards.

Spot XRP exchange-traded funds (ETFs) continued to attract investors, recording their eleventh straight day of inflows, underscoring institutional demand. But is this enough to keep the XRP (XRP) price above $2 and trigger a sustained recovery?

Spot XRP ETFs have attracted over $756 million in inflows since their launch.

RSI bullish divergence and a buy signal from the TD sequential emerge.

XRP price must break above the $2.20-$2.50 range to clear the path to $3.

According to data from SoSoValue, US-based spot XRP ETFs added $89.65 million on Monday, bringing cumulative inflows to $756 million, suggesting sustained demand from institutions.

These ETFs have recorded inflows every day since their launch on Nov. 13, pushing total assets under management (AUM) to $723 million.

Currently, four XRP ETFs are live, with Canary’s XRPC on Nasdaq leading with $350 million in cumulative net inflows, followed by Bitwise’s XRP ETF at $170 million.

Nearly 330 million XRP tokens have been absorbed over the last eleven days, outpacing Solana ETF flows and occurring against a backdrop of smaller Bitcoin ETF inflows.

Related: XRP price ‘looking very bullish’ after 25% weekly gain: How high can it go?

Source: CoinTelegraph