The post XRP ETF Inflows Near $1 Billion: Can Bulls Break the $2.28 Barrier? appeared first on Coinpedia Fintech News
After the successful launch of the first US spot XRP ETF, inflows have already near $900 million in just 13 trading days, with every single day closing in the green.
But even with this strong demand, XRP’s price is down nearly 2% today. Meanwhile top chart analyst Ali Martinez believes XRP could climb toward $2.75 if it breaks a major resistance level that has held it back for weeks.
XRP ETF Inflows Close to $1 Billion
One of the biggest reasons behind this week’s momentum is the strong inflow into XRP ETFs. On December 3, U.S. spot XRP ETFs recorded $50.27 million in net inflows, taking their total to $874.3 million, as per SoSoValue data.
This steady rise now places XRP ETFs among the fastest-growing crypto investment products in the market. Reaching close to the $1 billion mark in less than a month shows how quickly traditional finance is beginning to trust and adopt XRP.
This consistent buying pressure from institutional investors has helped bring more stability to XRP’s market performance.
At a time when many altcoins are showing volatile and unpredictable moves, XRP is holding its ground strongly.
XRP Stuck in the $2.28 Barrier Level
Looking at the larger 3-day chart, XRP is still moving under a long downward trend that began months ago. Recently, XRP bounced sharply from the $1.90–$2.00 support area, confirming that buyers are actively protecting the lower range.
But on the upside, XRP is now getting closer to the key $2.28 level, a point that has rejected the price several times before.
Accordingly to top chart analyst Ali Martinez this level as a major barrier. Because of this setup, XRP is currently stuck between strong support below and heavy resistance above.
The Ichimoku Cloud and the long downward trendline are still blocking a clean breakout, keeping the price trapped in a narrow zone.
If XRP manages to break above this trendline, the momentum could quickly flip bullish. The next major target would be around $2.75 and further to $3.