The ongoing influx pushed cumulative total inflows to nearly $974.5 million, with total assets under management reaching approximately $1.18 billion.
XRP News
Retail traders are maintaining optimistic sentiment toward XRP as the token hovers around $2, with this week recording the seventh-highest number of bullish comments for the year, according to market intelligence platform Santiment. The firm monitors social interest across Telegram, Discord, subreddits, and X through its Sanbase analytics platform.
Spot XRP exchange-traded funds continued their positive flow streak with over $20.1 million recorded Friday, marking 19 consecutive days of net inflows according to crypto research platform SoSoValue. The ongoing influx pushed cumulative total inflows to nearly $974.5 million, with total assets under management reaching approximately $1.18 billion.
XRP has drifted between $1.99 and $2.17 over the last seven days, trading hands at $2.03 on Saturday. Santiment stated that bulls and bears continue to battle as the asset hangs onto $2 market value with bullishness showing across social media channels.
Nov. 14 remains the strongest day for XRP ETF inflows with over $243 million, while Nov. 18 saw the second-highest intake with $164 million since then.
Giannis Andreou, founder and CEO of crypto miner Bitmern Mining, said in an X post at the start of the week that Wall Street has not stopped buying. He speculates this represents the kind of accumulation typically seen before a narrative shift in market positioning.
Ripple received approval for a national trust bank charter from the U.S. Office of the Comptroller of the Currency on Friday, alongside stablecoin issuer Circle. BitGo, Fidelity Digital Assets, and Paxos also simultaneously received green lights to convert existing state-level trust companies into federally chartered national trust banks.
The crypto company raised $500 million at a $40 billion valuation in November, attracting investors including affiliates of Citadel Securities and Fortress Investment Group. Ripple pushed deeper into the stablecoin market a month earlier while pursuing acquisitions in brokerage and treasury management.
The positive social sentiment and sustained ETF inflows demonstrate growing confidence in XRP despite price consolidation around the $2 level, with institutional adoption continuing through multiple regulatory and corporate developments.
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