XRP ETF Surge Fuels Super Cycle Speculation
The cryptocurrency market has seen a surge in Spot Ripple ETF inflows, totaling $153.54 million over 9 consecutive days. This influx of capital has brought this month's total to $157 million, putting it on track for its third-best month since launch.
Despite the altcoin's price correction, which saw XRP trading at around $1.38 - down over 8.50% in the past 7 days - bulls still believe a supercycle is possible. However, whales remain divided on their price projections, with some going long and others shorting the token.
According to data from CoinGlass, one whale has already profited by over 18% after buying 35 million XRP with 10x leverage valued at $48.46 million. The liquidation price was $0.9364, showing that whales are yet to agree on the supercycle.
For the supercycle to stay alive, bulls must keep XRP above the MA Cross at $1.10. The current correction may be a pause before the continuation of the rally.