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Cryptocurrency News Articles
XRP Defies Retail Sell-Off With Strong Inflows
Apr 23, 2025 at 03:50 am
XRP investment products recorded $37.7 million in net inflows last week, according to CoinShares—placing the token just $1 million shy of Ethereum's year-to-date total
XRP price edged up marginally on Tuesday, extending slight gains as the token continues to outperform amid a shift in institutional sentiment.
What Happened: XRP/USD traded at $2.10, up 0.05% over the past 24 hours. The token has slipped 2.75% over the last seven days and 12.21% over the past month.
Investors appear to be showing more interest in the token, particularly among institutions betting on XRP's relative strength against Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC).
XRP investment products recorded net inflows of $37.7 million last week, placing it just $1 billion shy of Ethereum's year-to-date total and positioning it as one of the best-performing altcoins among institutional traders, according to CoinShares.
The resilience comes as stronger-than-expected U.S. retail sales figures prompted $146 million in broader crypto outflows last week. The U.S. market, in particular, saw net outflows of $71 million, while Ethereum and Bitcoin products posted losses of $27 million and $6 million, respectively.
See More: Best Cryptocurrency Futures Platforms
The launch of Coinbase's XRP futures contracts and an uptick in network activity, with utilization approaching 70% late last week, also contributed to the token's performance.
Technical Analysis:
Chart watchers are now eyeing $2.18 as the next resistance level for XRP. The token briefly broke out over the weekend, surging 4.3% in two hours to hit highs of $2.14 before pulling back slightly.
Support remains at $2.06, where volume spikes confirm genuine buyer interest on dips. Bollinger Bandwidth, a measure of market compression, has narrowed to its lowest level since October 2024 on the 4-hour chart, signaling a release in volatility.
However, whether this leads to a breakout or breakdown remains to be seen.
Rising long positions and a strengthening RSI suggest that momentum favors bulls in the short term.
Bitcoin's surge above $88,000 continues to buoy sentiment across crypto, further reinforcing its "digital gold" status amid global market instability.
BTC's breakout is lending support to assets like XRP, Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA), which were previously pressured by macro concerns and outflows from U.S.-based funds, CoinDesk reported.
As gold trades at record highs and the dollar faces weakness amid Trump tariff pressures, digital assets are being seen less as speculative trades and more as strategic hedges, validating XRP's place in the current market rotation.
With XRP inflows accelerating and technical indicators flashing bullish signals, investors are anticipating a decisive move by XRP. A successful push through $2.18 could set the stage for a move toward $2.29 in the coming sessions.
However, a failure to maintain current support at $2.06 could lead to a retest of $1.99.
As institutional sentiment shifts and altcoin futures products gain traction, XRP's positioning as a high-liquidity, U.S.-accessible asset could give it an edge, especially if macro uncertainty continues to drive capital shifts across digital markets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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