XRP Stalls At $2.1: Ripple ETFs Hit $1.37B in Assets 35 Days of Straight Inflows

Core Insights - XRP is currently trading near $2.10, with recent spot exchange-traded funds (ETFs) surpassing $1.37 billion in total inflows [1][3] - The recent 35-day streak of net inflows for XRP ETFs ended on January 7, with a single-day outflow of approximately $40.8 million [2] - Institutional interest in XRP appears to be increasing, as indicated by futures positioning and ETF flows, despite a flat chart appearance [2] Market Activity - Total inflows for XRP since the launch of ETFs are approximately $1.37 billion, with around $483 million added in December [3] - XRP futures open interest is around $4.08 billion, making it one of the largest markets outside of Bitcoin and Ethereum [3] - Approximately $5.75 billion was traded through XRP futures in the past day, indicating active but calm derivatives markets [3] Price Action - XRP is consolidating above a long-term support level, having broken out of a multi-year wedge earlier [4][5] - The price has shown a series of lower highs since peaking above $3.00, but remains above the previous breakout zone, suggesting consolidation rather than a full trend breakdown [5] - Recent weekly candles indicate reduced volatility and smaller ranges, which may signal fading selling pressure [5] Technical Outlook - As long as XRP holds above the $2.00 support level, the broader uptrend that began in early 2024 remains intact [6] - A break below $2.00 could weaken the bullish outlook, while a move back toward $3.00 would indicate fresh momentum [6]