The last few weeks have been quite favorable for XRP. The price rose 6% in seven days and is already touching $3, but the real story is who is putting in the money.
The numbers that speak
According to data from CoinShares, XRP products received $14.7 million in a single week. Annually, they have already accumulated $1.4 billion in institutional capital inflows. To put it in context: while Ether sees outflows, XRP is in attraction mode.
In the derivatives market, things are not calm either. Open interest grew by 11% in the last seven days, and the funding rate remains positive. Translation: most traders are long, expecting the price to continue rising.
What is the next level?
Analysts are divided but the sentiment is bullish. Some are talking about $3.12 as an immediate target. Others, more ambitious, see potential towards $4.50 if XRP manages to consolidate above $3 and then break the historical resistance of $3.66.
The question of the moment
Is this momentum sustainable or is it a temporary move driven by speculation? Institutional flow data suggests that there is serious money behind it, but in crypto, nothing is guaranteed. What is clear is that XRP is on the markets' radar.
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XRP on the radar: What is really happening with institutional flows?
The last few weeks have been quite favorable for XRP. The price rose 6% in seven days and is already touching $3, but the real story is who is putting in the money.
The numbers that speak
According to data from CoinShares, XRP products received $14.7 million in a single week. Annually, they have already accumulated $1.4 billion in institutional capital inflows. To put it in context: while Ether sees outflows, XRP is in attraction mode.
In the derivatives market, things are not calm either. Open interest grew by 11% in the last seven days, and the funding rate remains positive. Translation: most traders are long, expecting the price to continue rising.
What is the next level?
Analysts are divided but the sentiment is bullish. Some are talking about $3.12 as an immediate target. Others, more ambitious, see potential towards $4.50 if XRP manages to consolidate above $3 and then break the historical resistance of $3.66.
The question of the moment
Is this momentum sustainable or is it a temporary move driven by speculation? Institutional flow data suggests that there is serious money behind it, but in crypto, nothing is guaranteed. What is clear is that XRP is on the markets' radar.