XRP ETF Extends Daily Inflow as Total Volume Tops $1.2 Billion

Core Insights - The XRP ETF products have experienced significant inflows, indicating strong institutional confidence in XRP's long-term potential [1][2] - XRP ETFs have outperformed other cryptocurrency funds, with a notable $43.9 million in net inflows on December 22, and a cumulative total of approximately $1.12 billion [2][3] - The consistent inflow pattern suggests that early investors are treating XRP as a long-term positioning tool rather than a short-term trade [4] Inflow Performance - On December 22, US XRP ETFs recorded their strongest daily inflow since early December, with $43.9 million, while the previous week saw $82 million in net inflows [2] - XRP ETFs have not experienced any net outflows to date, contrasting with the performance of Bitcoin and Ethereum ETFs during the same period [2][3] - The inflows into XRP ETFs are characterized by stability, unlike many other crypto funds known for rapid trading rotations [3] Market Context - Despite the strong inflows into XRP ETFs, the XRP price has not significantly increased, currently trading at $1.90 with a 1.26% dip in the last 24 hours [5] - XRP's market capitalization stands at $115.12 billion, maintaining its position as the fifth-largest cryptocurrency [5] - A prominent crypto trader has identified a bearish double-top pattern for XRP, predicting a potential price drop to $1 if buying pressure does not increase [6]