What To Know:
- XRP crosses $2.10 after strong inflows into US spot XRP ETFs.
- Daily ETF inflows reach $67.7M, which has pushed cumulative totals above $824M.
- Growing institutional demand and higher trading volume seemingly are supporting the breakout.
Ripple’s XRP climbed past the $2.10 mark on Wednesday, a breakaway traders described as a decisive technical event that coincided with a surge of inflows into US spot XRP exchange-traded funds.
$XRP Rises Alongside Growing ETF Inflows
Market data showed a net inflow of $67.74 million into US XRP spot ETFs on the latest reporting day, bringing cumulative net inflows to $824.00 million as of December 2. Grayscale’s GXRP accounted for $45.78 million of the daily intake and has now recorded $170 million in cumulative inflows. Franklin’s XRPZ contributed $8.22 million to the daily total and has accumulated about $122 million historically. Together, the ETFs hold roughly $845 million in net asset value with an XRP net asset ratio of 0.65 percent.
Analysts watching price action said ETF flows probably contributed in driving XRP past the $2.10 resistance point, and is currently trading at $2.19. The move came after several days of consolidation and a clear uptick in trading volume. This indicates fresh buying traction from bigger institutions or funds rather than purely retail momentum. “Expansive ETF allocations can change order books rapidly, particularly in mid-cap listings such as XRP,” said a market strategist at a digital-asset research firm. “When large numbers flow into spot vehicles, market makers and liquidity providers adjust quotes and that in itself can generate the traction and clearing of pent-up resistance to the move.”
Technical charts show the break above $2.10 converting a prior supply zone into what traders now view as support. Volume measures registered near doubling of the 24-hour average, which chartists interpret as validation that the breakout was supported by capital inflows and not just sporadic speculative bets.
On-chain indicators added context to the price advance. Data pointed to higher transaction counts on the XRP Ledger and continued accumulation by large wallets, often referred to in market parlance as whale behavior. Analysts said those trends, combined with ETF demand, present a convergence of technical, on-chain, and institutional factors propelling the rally.
Market participants outlined a likely path forward. Short-term resistance sits near $2.18; a sustained move above that level could open a rally toward targets in the $2.33 to $2.40 band. But the old resistance of around $2.00 now appears set to function as a support floor where pullbacks might find buying interest. Traders and portfolio managers said both ETF flows and price action are critical to watch. ETF inflows tend to be lumpy and episodic, and while they generate positive demand for the underlying asset, they create another variable in an already complex market structure. That dynamic has changed trading strategy, with some traders more likely to engage in staged entry at retests of newly formed support, while others increase exposure to soak up momentum.
Market commentary reflected cautious optimism. The sentiment among many professional desks shifted from measured skepticism during consolidation to a more confident tone after the breakout, an attitude change rooted in both the volume profile and the tangible ETF capital reported.
Regulatory and macro factors continue to be relevant background conditions. Any changes in policy or broader risk-off moves in global markets could subject XRP’s price to renewed volatility despite the apparent strength of current flows. For now, however, the jury among analysts appears to lean toward the view that ETF demand provided a timely catalyst.
The price action on Wednesday represents a notable point in XRP’s recent trend. It underscores how exchange-traded product flows can interact with technical setups and on-chain activity to produce rapid price moves, particularly in a market increasingly influenced by institutional allocation decisions.
Also Read: XRP Jumps as New ETFs Draw Strong Inflows and Trading Momentum
