XRP Extends 7-Day Gains, Price Rises to $1.18
XRP extended its 7-day gains to 11% in the cryptocurrency market as Ripple’s improved cross-border payment footprint boosts institutional investors’ appetite.
The altcoin climbed to $1.18 as trading volume increased by about 10% over 24 hours, reaching $1.9 billion, according to data from crypto exchanges.
The narrative about Ripple’s expansion in cross-border payments and the XRP Ledger approaching 1 million AI-agent transactions fostered fundamental optimism.
A slew of cryptocurrency analysts said the token saw a rise in institutional demand in the week, bolstered by sustained ETF inflows, strengthening its position as a preferred cryptocurrency investment.
XRP ETFs logged about $22.99 million of inflows in the latest week, extending an eight-week streak and pushing cumulative net inflows above $1.4 billion.
Reports suggest that these flows occur as Bitcoin and Ethereum ETFs are losing assets, signalling a rotation in which some institutions favour XRP’s regulated products and perceived clarity.
Despite the inflow streak, XRP’s price has fallen about 20% over the past month, hit a yearly low near $1.03 in late June, and remains well below its January peak of around $2.40.
The token was locked behind a bearish door in June, as analysis of the numbers suggests that monthly inflows of roughly $47 million were too small relative to a market cap near $65 billion.
Crypto analysts estimated that sustained inflows of more than $300 million per month would be needed to meaningfully change price behaviour.
Additional supply from Ripple’s escrow releases and broader crypto risk-off sentiment dilute the impact of ETF buying. Looking ahead, the key signals are whether inflows grow, whether Bitcoin ETF outflows stabilise, and how upcoming developments around the U.S. CLARITY Act and macro data affect risk appetite.
Supporting a shift in price target to $1.40-$1.50, XRP spot ETFs have attracted fresh capital for eight straight weeks, even as Bitcoin ETFs see heavy outflows. Ripple – XRP Price Spikes to $1.14 on Short Squeeze
