XRP Ranks Third in Crypto After $30B Weekly Inflows

XRP’s price surged as it climbed to third in global crypto rankings following a massive $30 billion inflow.

The influx indicates renewed investor confidence amid institutional moves and potential banking license acquisition by Ripple, expanding XRP’s market influence.

Ripple’s $30B Inflow Boosts XRP to Third Spot

A recent $30 billion weekly inflow propelled XRP into the top three cryptocurrencies, driven by regulatory clarity and investor confidence. The move coincides with Ripple’s application for a U.S. bank charter.

Ripple, led by Brad Garlinghouse, is strategically pushing into the traditional finance sector. The inclusion of XRP by Grayscale has signaled institutional confidence in the cryptocurrency.

Market Reacts Positively to Ripple’s Financial Moves

The market responded positively, reflecting bullish sentiment among traders and analysts. Institutional participation further confirmed interest in Ripple’s evolving offerings.

Financial markets might see a shift as investors reassess portfolio allocations in light of Ripple’s potential banking expansions and product integrations.

XRP Stability Mirrors Past Regulatory Trends

Historically, cryptocurrencies like ETH and BTC experienced similar inflows post-regulatory clarity, suggesting a stable bullish trend for XRP based on these precedents.

Expert analyses, including those from B2 Ventures, indicate a potential price target of $2.65 if current levels are maintained, aligning with growth seen in past regulatory shifts.

“Since XRP has been in accumulation for quite a long time, the outlook remains positive, [and the token is] likely to move towards a new local high around $2.65 if it continues to hold above current levels.” — Arthur Azizov, Founder, B2 Ventures