XRP Price Aims at $2.5 After ETFs Record $164 Million in Inflows on Monday
XRP surged 14.8% following $164 million in Monday ETF inflows, targeting a $2.5 price goal.Summary
XRP has seen a strong 14.8% resurgence over the past 48 hours, driven by renewed enthusiasm following the launch of spot XRP ETFs from Grayscale and Franklin Templeton. On Monday alone, these ETFs recorded $164 million in inflows, pushing cumulative ETF investments to $586 million, indicating strong institutional demand. This bullish sentiment is further supported by macro indicators, as exchange balances dropped by 73 million tokens ($164 million), suggesting active buying and reduced selling pressure on exchanges. Currently trading at $2.24, XRP is nearing the critical $2.28 resistance level. A successful breakout above this barrier could propel the price toward $2.36 and potentially reach the $2.50 target, helping to reverse recent monthly declines.
(Source：BeInCrypto)