Crypto asset investment products continued to attract strong interest from institutional and individual investors, recording a net inflow of $3.2 billion last week. This marked the tenth consecutive week of inflows. Notably, XRP experienced a record purchase, increasing from $134.3 million the previous week to $145.8 million.
Institutional Interest and ETF Expectations
Following the crypto-friendly policies of the Trump administration and the resignation of SEC Chairman Gary Gensler, the likelihood of an XRP ETF launch in the U.S. has significantly increased. Companies like Bitwise, 21Shares, Canary Capital, and WisdomTree have submitted applications to the SEC for approval.
The crypto community remains optimistic about the potential conclusion of the case between Ripple $3 and the SEC following Gensler’s departure. The government agency will submit its main petition by January 15. Ripple CLO Stuart Alderoty noted that Gensler might bring flawed arguments from the Binance case to Ripple’s situation as well.
XRP Price Predictions
Popular analysts expect XRP’s price to exceed $3 due to developments such as Ripple’s upcoming RLUSD stablecoin launch. CrediBULL Crypto stated, “XRP’s structure looks very clean and suitable for an upward trend,” predicting the price could easily reach $5 by 2025.
Crypto Tony suggested, based on Elliott Wave analysis, that XRP has rebounded from $2.91 and is under upward pressure towards $3 on a weekly timeframe.
Whale Alert reported a transfer of $1.92 billion worth of XRP from Binance to an unknown wallet, affirming the confidence of whales in Ripple’s native coin.
Currently, XRP is trading at $2.48, reflecting a 3% rise over the last 24 hours, with prices ranging from $2.34 to $2.58. Developments involving Ripple and XRP appear to bolster investor confidence, with ongoing regulatory advancements and institutional interest leading investors to believe in potential value gains for XRP.