XRP ETFs Pull in Record Inflows as Bulls Eye Super Cycle
The price of XRP has cooled off after its recent rally, but data suggests that bulls could be setting up for an XRP supercycle. Over the past nine days, Spot Ripple ETFs have attracted $153 million in inflows, with the largest single-day inflow being $28.14 million on August 23rd.
The total inflows for the month now stand at over $157 million, putting them on track for their third-best month since launch. This represents a significant influx of capital into XRP ETFs, accounting for 1.63% of the altcoin's circulating supply.
However, whales remain divided on their price projections for XRP, with some going long and others shorting the token. According to Hyperliquid Wallet Analysis, one whale has an unrealized profit of over $8.89 million after buying 35 million XRP at a value of $48.46 million.
For a supercycle to stay alive, bulls must keep the price above the MA Cross at $1.10, as the current correction may be a pause before the continuation of the rally.