XRP is showing renewed signs of strength as investment flows into related funds pick up again, while the asset itself edges closer to a key resistance level near 1.35 dollars.
After several weeks of declining interest and multiple days with no recorded inflows, spot XRP ETFs finally experienced a notable recovery on Friday, reaching their highest inflow levels in months. At the same time, XRP has followed the broader market’s upward trend, posting a modest gain since last weekend, though analysts are still watching for a stronger breakout.
XRP ETFs Turn Positive Again
Funds tracking XRP faced a difficult period starting in March, with two straight weeks of net outflows. This resulted in the first monthly loss since these ETFs were introduced in November last year. April also began weakly, with just over 3.5 million dollars in net inflows during the first week.
Investor participation appeared inconsistent, with several days showing no recorded activity. Notably, April 6 and April 8 both registered zero inflows, according to SoSoValue.
Momentum shifted on Friday when inflows surged to 9.09 million dollars, marking the strongest single day since February 6, when more than 15 million dollars entered these funds. The week ultimately closed in positive territory with total net inflows of 11.75 million dollars.
Despite this improvement, current figures remain well below the highs seen in November and December, when XRP ETFs attracted over 1 billion dollars in total inflows.
XRP Shows Signs of Recovery
XRP has posted a modest weekly gain of about 2.5 percent, successfully holding support levels at 1.32 and 1.30 dollars. The asset is now trading close to the 1.35 dollar resistance zone.
Market analyst CRYPTOWZRD noted that the rebound from the 1.32 support level, combined with a potential breakout against Bitcoin, could open the door for a stronger upward move.
Another analyst, Crypto Tony, suggested that XRP would need to reclaim the 1.39 dollar level to fully reverse its short term bearish trend and confirm a more sustained recovery.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
