XRP exchange-traded funds recorded $82 million in net inflows last week, extending a positive streak to 25 consecutive days even as broader cryptocurrency investment products experienced nearly $1 billion in outflows. The contrarian performance comes as XRP's price recovered from a two-month low of $1.77 to trade at $1.93, with technical analysts identifying potential breakout levels between $2.20 and $2.50.
What Happened: Investment Flows
Digital asset funds recorded their worst weekly performance in a month, with $952 million in outflows marking the fourth-largest exodus of 2024.
James Butterfill, head of research at CoinShares, attributed the negative sentiment to delays in the U.S. crypto market structure bill, which was expected to pass before year-end but has instead "prolonged regulatory uncertainty for the asset class, alongside concerns over continued selling by whale investors."
The United States led the decline with $990 million in outflows. Ethereum funds suffered the steepest losses at $555 million, while Bitcoin products shed $460 million.
XRP investment products bucked the trend throughout the week. SoSoValue data shows the category closed with $82.04 million in positive net flows, extending its winning streak to six weeks and 25 consecutive trading days as of Friday.
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Why It Matters: Technical Outlook
Market analysts suggest XRP's correction phase may have concluded after the token tested key support levels.
BitGuru, a market observer, stated that XRP has completed its downtrend and liquidity grab, now stabilizing at a historical demand zone where "selling pressure is fading, structure is flattening, and this is where smart money usually starts positioning, not where panic happens."
Trader Niels identified a potential double bottom pattern forming on XRP's chart, noting that "RSI has bottomed out already, and now the price is showing good signs too."
The trader highlighted that XRP experienced "a fakeout below the support level before reclaiming the zone," projecting a possible 20%-25% rally toward $2.30-$2.50 within weeks if momentum builds.
ChartNerd, another analyst, pointed to a bullish divergence where "price action is adhering to the lower low price action trendline whilst forming higher lows on the RSI."
He cautioned that failure to break above the 20 EMA at $1.98 could send the price back to the lower trendline for support.
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