XRP Edges Up Amid Steady ETF Inflows

XRP's price has edged up by 2.15% in the last 24 hours, trading at around $1.49. This slight gain comes on the heels of steady exchange-traded fund (ETF) inflows nearing $1.2 billion in total holdings.

According to recent data, spot XRP ETFs saw a net inflow of $13.24 million on August 21, marking the third consecutive day of gains. Analysts note that while this sustained investor demand through regulated funds is a positive sign, XRP remains in a consolidation range and needs a clear break above resistance to trigger a new upward trend.

Some traders are eyeing a long-term target of $6 to $7 based on past cycles, but the next key signals for XRP's price movement will come from ETF flow data and price action at resistance levels. With total holdings close to $1.2 billion, it's clear that investors remain confident in XRP's potential.