$XRP #DYMBinanceHODL
#StrategyBTCPurchase Investors are increasing exposure to XRP investment products.
Institutional demand for XRP investment products is rising, according to data from CoinShares.
XRP exchange-traded products (ETPs) recorded inflows of $10.6 million in the week ending June 27, bringing their inflows in the first half of the year to $219 million.
Interestingly, XRP whale holdings increased even during its price retracement of 35% down to $1.60 between January and April.
This may suggest that large holders, often seen as more patient or strategic investors, are steadily accumulating positions in anticipation of future gains.
Key XRP price levels to watch
XRP must convert the resistance level of $2.60 into support to aim for higher highs above $3.00.
But first, the XRP/USD pair must close above the range of $2.20-$2.30 on the daily candlestick chart. This is where all the major simple moving averages (SMA) are located: the 100-day SMA at $2.20, the 50-day SMA at $2.25, and the 200-day SMA at $2.36.