Ripple ETFs See Record Inflows as XRP Jumps 70% in Three Days

The cryptocurrency market has seen a significant shift in recent weeks, and one of the most notable beneficiaries is Ripple's native token XRP. According to data from SoSoValue, Ripple ETFs have seen their best week since May, with investors pouring millions into the funds.

Last week, the funds experienced a major influx of capital, with $39.78 million flowing in over the course of five days. This was the largest weekly gain for the ETFs since mid-May, and it pushed the cumulative total net inflows to an all-time high of $1.55 billion.

XRP itself saw a significant price increase, jumping by 70% in just three days before being rejected at the $1.70 resistance level. The token currently trades at around $1.50, but analysts believe it needs to reclaim this level before the broader trend can change.

Bitwise's XRP fund remains the largest of its kind, holding over $542 million in cumulative net inflows. Other funds, such as Canary Capital's XRPC and Franklin's XRPZ, also saw significant gains last week.