Exchange traded funds linked to XRP have climbed to a new all time high in cumulative inflows, even as the token’s price continues to show little movement compared to last week.
After closing March as their first negative month since launch, these ETFs have regained investor interest and achieved a major milestone by the end of the previous business week. However, XRP itself has struggled to benefit from this renewed momentum and was recently rejected near the 1.46 dollar level.
ETF Inflows Surge to New Peak
Following their debut in mid November, XRP focused ETFs experienced a strong शुरुआत, quickly surpassing 1 billion dollars in inflows. For nearly two months, they avoided any day of net outflows, with that streak ending in early January, marking one of the strongest runs in the crypto sector.
Market sentiment shifted in the months that followed as geopolitical tensions increased. Many investors either paused activity or withdrew funds, leading to March becoming the first month with net outflows exceeding 31 million dollars and several inactive trading days.
Momentum returned after easing tensions between the United States and Iran, which helped drive fresh inflows. The week ending April 17 recorded the largest net inflows in three months, followed by another positive week that added 15.74 million dollars.
As a result, total net inflows into XRP ETFs have now reached approximately 1.29 billion dollars, according to SoSoValue. April alone has contributed over 81 million dollars, making it the strongest month for these funds since December.
XRP Price Moves Sideways
Despite the renewed interest in ETFs, XRP has not shown a strong upward move. Its price rallies have largely been tied to geopolitical developments, but recent attempts to break higher were rejected around 1.60 and 1.46 dollars.
Analyst Crypto Tony described the past few months as uneventful, noting that XRP has traded within a range of 1.20 to 1.60 dollars for more than 60 days.
Meanwhile, analyst Ali Martinez offered a more optimistic outlook, suggesting the possibility of a long term surge toward 13 dollars, though only after a potential drop to around 0.90 dollars.
For now, XRP remains largely unchanged at about 1.43 dollars, reflecting only a slight 0.2 percent increase compared to the same time last week.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
