Institutional Inflows Lift XRP Back Above 2,100 Won

Source

YM Lee

Summary

Spot XRP ETFs posted $55.39 million in net inflows this week, signaling a renewed rise in institutional money entering the market.
XRP traded in the 2,100 won range in South Korea and the $1.40 range overseas, up about 5%% from the end of March.
Signs of a recovery in market fundamentals emerged, including $1.5 billion in cumulative net inflows, whale accumulation, and an increase in futures open interest (OI), though caution is still warranted over near-term optimism.

Forecast Trend Report by Period

XRP is regaining momentum as institutional inflows into spot exchange-traded funds pick up.

According to the crypto industry on April 26, spot XRP ETFs posted net inflows of $55.39 million this week, the largest weekly intake in about three months since mid-January. The rebound follows a recent slowdown in inflows and points to institutional money returning to the market.

XRP has climbed this month. On South Korean crypto exchange Upbit, it was trading in the 2,100 won range, up about 5% from the end of March. Overseas, it was trading in the $1.40 range.

Ripple said about 30 institutions, including Goldman Sachs, have invested in XRP ETFs so far. Cumulative net inflows have exceeded $1.5 billion. Given that inflows had lagged early expectations after the products launched, the recent acceleration marks a notable shift.

Expectations for broader real-world use are also supporting sentiment. Recent corporate tie-ups include a tokenized government bond trial with Kyobo Life Insurance and Rakuten's push to introduce XRP payments in Japan. That has fueled hopes XRP could expand beyond an investment asset into financial infrastructure.

On-chain indicators are also improving. Whale accumulation has continued, while futures open interest has risen, signaling stronger market participation. That suggests the market's supply-demand foundation is gradually recovering, rather than merely supporting a short-term bounce.

Still, caution remains warranted over near-term optimism. More evidence is needed to determine whether the latest ETF inflows mark the start of sustained institutional buying or a temporary liquidity-driven move. JPMorgan said XRP ETFs could attract as much as $8.4 billion a year if institutional inflows gather pace, adding that the recent increase in inflows may be an early sign of structurally stronger demand.

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