Spot XRP (XRP-USD) Exchange-Traded Funds (ETFs) have officially attracted over $756 million in cumulative inflows since their launch. This tells the crypto community that there is sustained and massive institutional demand for the XRP asset. These funds have recorded inflows for eleven consecutive days, confirming that large money managers are taking aggressive positions.
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This powerful influx of capital is being backed up by important technical analysis. A significant bullish divergence is forming on the price charts, which is an early sign of waning bearish pressure and confirmation that a major trend reversal may be imminent for the XRP price.
Record XRP ETF Inflows Dwarf Bitcoin Funds
The institutional demand for XRP has been historic. U.S.-based spot XRP ETFs added nearly $90 million on Monday alone, pushing total assets under management (AUM) to over $723 million. This sustained institutional buying is happening against a backdrop of smaller Bitcoin ETF inflows.
In total, nearly 330 million XRP tokens have been absorbed by these financial products over the last eleven days, a pace that is even outpacing Solana (SOL-USD) ETF flows. The interest is so strong that major firms like Vanguard, with $11 trillion in assets, are expected to soon allow their 50 million clients to trade XRP ETFs.
XRP Chart’s Bullish Signals Confirm Rally Potential
The XRP price’s ability to rebound is reinforced by a perfect technical setup: an emerging bullish divergence between the price and the Relative Strength Index (RSI). This divergence occurs when the price registers lower lows while the RSI registers higher lows, indicating seller exhaustion is setting in.
Furthermore, the highly predictive TD Sequential indicator is flashing a buy signal on XRP’s weekly chart. Historically, every time this indicator has suggested a buy since mid-2021, the XRP price has rallied between 37% and 174%. This suggests XRP could rise as high as $5.60 from its current level.
XRP’s Key Price Barrier Sits above $2
Despite the bullish outlook, the XRP price must first overcome tough resistance. The coin faces stiff resistance in the $2.20 to $2.50 range, which is supported by the 50-week simple moving average (SMA).
If the XRP price successfully breaks above the 20-day exponential moving average (EMA) around $2.18, the path will open to test the strong SMA barrier. Clearing the $2.50 range would then put the next major psychological target of $3.00 firmly in sight.
At the time of writing, XRP is sitting at $2.1425.
