At the same time, XRP climbed to a multi week high before facing resistance near one dollar and fifty cents.
After several weeks marked by weak performance, days without inflows, and growing uncertainty among investors, spot ETFs tracking XRP have seen a notable resurgence over the past five trading days.
This recovery aligned with easing tensions in the Middle East, although renewed uncertainty driven by conflicting statements over the weekend could shift momentum again in the coming week.
Strongest Weekly Performance in Three Months
Reports have previously highlighted the unusual trajectory of spot XRP ETFs, which initially attracted significant attention. The first one billion dollars in inflows was reached within about a month, and during the first nine weeks there was not a single day where outflows exceeded inflows.
However, sentiment shifted in January and February and deteriorated further in March as tensions in the Middle East escalated rapidly. March became the first negative month for these funds, with more than thirty one million dollars withdrawn overall. April also started weakly, with several days showing no recorded activity and some minor outflows, reflecting a similar pattern to March.
Investor confidence began to return on April ten, when more than nine million dollars flowed into the funds. This momentum carried into the following week, which closed with total net inflows of fifty five point three nine million dollars. This marked the strongest weekly result since mid January. April fifteen stood out in particular, recording inflows of seventeen point one one million dollars, the highest daily figure in ten weeks.
As a result, cumulative net inflows have climbed to approximately one point two seven billion dollars, nearing the previous all time high of one point two eight billion.
XRP Price Rises Then Faces Resistance
XRP followed the broader market rally over the past week, gaining about seven percent since last Sunday and rising above one dollar and forty three cents. It briefly surpassed one dollar and fifty cents yesterday, reaching its highest level in three weeks after Iran announced the reopening of the Strait of Hormuz.
However, the rally lost momentum at that level and the price pulled back following conflicting statements from Iran and the United States. While President Trump suggested that discussions between the two sides were progressing well, Iranian officials denied those claims.
Although the ceasefire between the two nations is still in place for a few more days, the situation remains highly uncertain and could change quickly. Additional volatility is expected as traditional financial markets reopen and begin to react to the latest developments.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
