Since their launch on November 13, XRP ETFs have consistently attracted investor capital without experiencing any days of net outflows. Data from SoSoValue confirms this uninterrupted inflow streak has driven cumulative ETF assets to $1.23 billion as of Monday, with $46.10 million added on that day alone.
Relative to XRP's entire market capitalization, assets held in XRP ETFs now constitute about 1.17%, indicating a measurable segment of the digital currency is controlled via these structured investment vehicles. This highlights the growing institutional and retail investor interest in XRP exposure through regulated products.
Among the available XRP ETFs, the Canary XRP ETF listed on NASDAQ (ticker: XRPC) holds the largest share of assets under management. Its net assets stand at approximately $407.01 million, with a cumulative inflow of $383.94 million recorded since launch, reflecting strong investor preference for this particular fund.
Regulatory developments have played a significant role in fostering positive sentiment around XRP. The recent resignation of SEC Commissioner Caroline Crenshaw, a figure recognized for her cautious stance toward cryptocurrencies, is viewed by market participants as a diminishing regulatory barrier for XRP and related crypto assets. This change has contributed to increased optimism regarding wider adoption and acceptance of digital assets within regulatory frameworks.
Moreover, the market eagerly anticipates the passage of new market structure legislation currently under consideration by Congress, expected to advance within the month. This prospect encourages bullish positioning as it may introduce clearer and potentially more favorable regulatory conditions for digital assets and trading platforms.
Historically, XRP faced legal and regulatory uncertainties between 2020 and 2023, primarily due to the SEC’s lawsuit against Ripple Labs. As this litigation situation appears to be easing, XRP is increasingly positioned as a key beneficiary of the regulatory recalibration affecting the cryptocurrency sector.
From a technical perspective, XRP has demonstrated a notable recovery from December lows. The cryptocurrency surged approximately 34% above the December 2023 low of $1.77 within a two-week span, marking a clear upward momentum.
Technical chart analysis from TradingView shows XRP has moved above its 100-day exponential moving average (EMA), currently at $2.23, an important indicator of medium-term trend direction. It is now challenging the 200-day EMA positioned at $2.35, a longer-term resistance level that often signals crucial changes in price structure if breached.
This recent performance marks significant structural improvement, especially since XRP traded below all key moving averages throughout November and December. Such a rebound demonstrates shifting investor sentiment and potential for sustained upward movement.
Immediate support is identified at the 0.382 Fibonacci retracement level around $2.29. XRP is currently attempting to surpass the 0.5 Fibonacci retracement at $2.44, a pivotal hurdle for continued bullish momentum. Additionally, the Parabolic SAR indicator has flipped to provide dynamic support at approximately $1.94, reinforcing underlying strength at recent price levels.
Importantly, XRP has broken above a descending trendline that had limited its price since August. This breakout is traditionally interpreted as a sign of a potential trend reversal, enhancing the case for upward price action moving forward.
Nevertheless, the cryptocurrency faces dense resistance in the range between $2.40 and $2.60. This zone coincides with confluence of the 0.5 and 0.618 Fibonacci levels and areas that historically shifted from support to resistance, representing critical obstacles for further gains.
Potential upside targets identified include an initial resistance around $2.44 followed by $2.60. A decisive move beyond $2.60 may open pathways to higher price zones at $2.80 to $3, with $4 representing a more ambitious longer-term objective within reach if bullish momentum persists.
On the downside, support levels are seen near $2.23, and a drop below $2.09 would suggest a break in the upward structure, potentially exposing lower support near $1.94 and $1.77 priced from prior lows.
In summary, XRP’s ETF inflows, regulatory landscape, and technical indicators collectively underscore a cautiously optimistic outlook, with imminent resistance levels key to its next directional phase.