- $10.6 million poured into XRP products last week, pushing year-to-date inflows to $335 million.
- XRP futures Open Interest surged 25%, rising from $3.54 billion to $4.69 billion, pointing to strong trader optimism and possible breakout momentum.
Ripple-associated coin XRP continues to show strength around the $2.20 mark. The digital asset is holding firm despite broader market weakness. As seen in the markets, XRP is getting renewed interest from institutional investors, with over $10.6 million flowing into XRP-related products last week. This steady demand suggests XRP may be preparing for a breakout. Notably, the coin is eyeing the $3 level for the first time since January.
Institutional Inflows Steady as XRP Clings to Support
XRP is showing signs of resilience, staying above the $2.20 support zone even as Bitcoin and Ethereum struggle to hold recent gains.
It is worth noting that on July 7, the largest digital asset, Bitcoin, briefly dipped below $108,000. Subsequently, Ethereum failed to break past $2,600. Yet, XRP remains one of the more stable assets this week.
As highlighted in our previous news brief, CoinShares data indicate that XRP-related products generated $10.6 million in new capital over the past seven days. That pushes the total year-to-date inflows to $335 million. Assets under management for XRP currently stand at around $1.4 billion. This indicates sustained institutional confidence.
Other market reports also indicate that Open Interest (OI) on XRP futures has risen significantly. Since falling to $3.54 billion in late June, OI has climbed by about 25%, reaching $4.69 billion. That jump indicates growing optimism among traders and suggests that many are positioning for an upward move.
While the overall chart for XRP/USD on the 4-hour timeframe still shows market consolidation, technical readings support a bullish narrative. If the coin holds above $2.20, the next challenge lies at $2.33 and then $2.47. Breaking these levels may open the path to $3, a key psychological barrier.
In another positive development that many believe could trigger a price upswing for XRP, CNF reported that Ripple has applied for a national banking license with the OCC. According to our reports, the move aims to bring Ripple’s stablecoin, RLUSD, under the regulatory oversight of the OCC.
XRP Technicals Flash Green, but Risks Linger
It is worth noting that market sentiment remains cautious due to global economic concerns, including ongoing tariff negotiations. Still, XRP appears technically primed. The RSI and MACD indicators are showing positive trends, suggesting buying momentum could be building.
As of the time of writing, XRP price was trading at $2.28, up 0.46% in 24 hours as traders are closely watching the $2.47 mark.
If XRP pushes past that point, it would next need to clear May’s high at $2.65 before attempting to hit $3. On the downside, support levels remain well-defined. A reversal could see XRP test $1.90, though buyers are expected to defend the 100-day EMA at $2.22, the 50-day EMA at $2.21, and the 200-day EMA at $2.11.
More importantly, XRP is holding ground where others are slipping, and with continued capital inflow, its chances of a fresh rally are gaining weight. Meanwhile, CNF reported that Swiss AMINA Bank now ranks as the first global lender to support Ripple’s RLUSD, signaling growing institutional trust.
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