XRP Soars 24% in Seven Days as Inflows Surge to Highest Levels Since August

XRP has been on a tear, surging by nearly 24% in the past seven days as cryptocurrencies rally following the Federal Reserve's rate hike. The altcoin has booked gains in six out of the last seven trading sessions after bouncing off a key support area at $1.32.

Net inflows to XRP ETFs surged to their highest levels since the late August rally, reaching $20 million yesterday. This indicates that market participants are positioning for the next leg up.

The Relative Strength Index (RSI) has crossed above the signal line, indicating that buyers remain in control of the price action. However, the selling pressure has increased after XRP rose above $1.50, which could lead to a minor pullback before continuing its rally to $1.80 and potentially even $2.10.