Investor sentiment towards the cryptocurrency XRP has recently shown a positive trend. According to market intelligence platform Santiment, the number of bullish comments about XRP on social media reached the seventh highest level of the year. This optimism coincides with a continuous inflow of investments into XRP exchange-traded funds (ETFs). XRP’s price has remained stable near two dollars, fluctuating between $1.99 and $2.17 over the past week. By the weekend, CoinGecko reported XRP’s price at $2.03. Despite the positive sentiment among investors, experts warn that bearish forces still hold significant influence in the market.
Meanwhile, spot XRP ETFs have experienced a steady positive inflow for 19 consecutive days, with approximately $20.1 million invested on Friday alone. Total investments have reached around $974.5 million, with assets under management nearing $1.18 billion. Mid-November saw the highest volume of ETF investments, underscoring the growing popularity of this crypto asset. Additionally, Ripple has made significant progress toward year-end, having been granted a national trust bank license by U.S. regulators, which strengthens its legal standing. The company recently raised $500 million in funding at a $40 billion valuation from prominent institutions and has announced expansion plans in the stablecoin market as well as brokerage and treasury management sectors.
Wall Street’s increasing interest and investment in the cryptocurrency market are viewed by experts as a positive indicator, potentially paving the way for price stability and future gains for XRP.
Source: binance
