XRP Surges 28% to $1.58, US ETF Inflows Reach $75.6M

Ripple's XRP token has seen significant price action in recent days, reaching a high of $1.58 after a 28% increase from its previous level at $1.25.

The chart for XRPUSD shows an inverse head-and-shoulders pattern, with the neckline set at around $1.60 and a potential target of $2.00.

Despite this bullish signal, there are still risks to consider: support levels have been breached at $1.53 and $1.50, which could lead to further price drops if not held.

In related news, US spot XRP ETFs saw significant inflows over the past week, totaling $75.6 million by September 25th, with Bitwise contributing $18.4 million and Franklin adding $4.3 million.