XRP ETF News: Ripple token's spot U.S. product crosses $1.25 billion net assets
Summary
Spot U.S. XRP Exchange-Traded Funds (ETFs) have surpassed a significant milestone, with total net assets climbing to $1.25 billion, driven by consistent institutional inflows of $8.19 million in recent sessions. This sustained demand through regulated products suggests professional investors are building positions despite short-term price volatility. Currently, XRP is trading in a tight range between $1.85 and $1.91, as strong selling pressure consistently defends the $1.90 resistance area, while bids hold near $1.86. This technical deadlock indicates a market digesting overhead supply, where ETF flows provide underlying support, but near-term traders are actively selling into rallies. A decisive break above $1.91 could target $1.95–$2.00, whereas a failure below $1.86 might lead to a slide toward the $1.77–$1.80 demand zone.
(Source:CoinDesk)