XRP SuperCycle Stays Alive as Spot ETFs Attract $153M in Nine Days
The XRP supercycle is still alive despite a recent price drop, according to recent data. Spot Ripple ETFs have attracted $153 million in just nine days, with the largest single-day inflow being $28.14 million. This brings the total for the month to $157 million and puts XRP ETF net inflows at 1.63% of the altcoin's circulating supply.
The current price of XRP is around $1.38, down over 8.5% in the past seven days. However, whales remain divided on their price projections, with some going long and others shorting the token. Despite this, a whale who bought 35 million XRP with 10x leverage at a liquidation price of $0.9364 is already sitting on an unrealized profit of over 18%.
To trigger a supercycle, bulls must keep the altcoin above the MA Cross at $1.10. The current correction may be a pause before the continuation of the rally, according to analysts. However, the transaction volume is averaging 814.35 million XRP, way below this year's peak of 3.752 billion XRP.