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    MarketForces Africa » MarketForces News » XRP Price Climbs to $1.48 on Spot ETF Inflows Surge

    XRP Price Climbs to $1.48 on Spot ETF Inflows Surge

    Julius AlagbeBy Julius AlagbeApril 17, 2026 News No Comments2 Mins Read
    XRP Price Climbs to $1.48 on Spot ETF Inflows Surge
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    XRP Price Climbs to $1.48 on Spot ETF Inflows Surge

    XRP price climbed to $1.48 on Friday, from last week’s low of $1.32, outperforming its 30-day trend and primarily driven by a surge in institutional ETF inflows, the strongest weekly pace since mid-January.

    The move aligns with a broader market uptick as eased geopolitical tensions fostered a risk-on environment. U.S. spot XRP ETFs attracted $41.64 million in net inflows over four days, marking their strongest weekly pace since the week of January 16, 2026.

    This reversal from March’s outflows indicates fresh institutional capital entering the market, directly supporting the price. According to crypto analysts, institutional accumulation via regulated products is providing a tangible demand floor and driving short-term price momentum.

    The market is now watching for the continuation of daily ETF flow data to confirm whether this institutional interest is sustained.

    Meanwhile, some crypto market analysts shed light on the rally, with the price target reset at $1.60 after XRP successfully broke above $1.45.

    XRP rally today was influenced by the launch of wXRP on the Solana network via Hex Trust and LayerZero expanded XRP’s cross-chain utility. Concurrently, the total crypto market cap rose 2.34%, with Bitcoin up 2.83%, providing a beta-driven tailwind.

    While not the primary catalyst, positive ecosystem news and general market strength amplified buying sentiment. The immediate technical structure shows XRP holding a breakout above the $1.44–$1.45 resistance-turned-support area. The next major resistance is the 100-day EMA near $1.55.

    A key upcoming catalyst is the U.S. Senate Banking Committee’s markup of the CLARITY Act, expected before the end of April, which could classify XRP as a digital commodity.

    The combination of record ETF inflows and a successful technical breakout suggests controlled buying pressure. However, overbought readings on shorter timeframes warn of potential consolidation.

    Technical tarders are watching if XRP can decisively break and hold above the $1.55 resistance level, which would signal a potential trend reversal and attract further momentum buying

    Ethereum Gains 7.1% as Fed Nominee Declares Crypto Holdings

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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