🔥 XRP Eyes ATH as Demand Skyrockets! 🚀📊
Institutional and retail demand have boosted XRP 25% weekly.
XRP investment products received $36 million in capital inflow last week as net crypto fund inflows hit a record $4.4 billion.
Reduced exposure for profit might threaten XRP's surge if whale-to-exchange trades rise.
Ripple (XRP) is strengthening and approaching its all-time high of $3.66 on Monday. Institutional demand drives spot and derivatives market growth, supporting the positive outlook.
Last week, digital investment products attracted $4.39 billion, according to a weekly CoinShares report issued on Monday.
From $104 million outflows the week before, XRP-related financial instruments had a $36 million capital influx. Year-to-date net inflow is $267 million, with AUM averaging just over $2 billion.
Ethereum (ETH) had the greatest weekly inflows last week, $2.1 billion, only behind Bitcoin (BTC) $2.2 billion.
"Digital asset investment products recorded their largest weekly inflows on record, totalling $4.39 billion, surpassing the previous peak of $4.27 billion set post-US election in December 2024," the study said.
XRP futures market Open Interest (OI) shows traders' growing interest. Open Interest, which is the value of all unsettled futures and options contracts, rose to $10.81 billion from $3.54 billion in June, according to CoinGlass. If traders keep betting on XRP reaching record highs, OI may rise in the next weeks.
XRP is approaching record highs over $3.66 due to strong technical structure and optimistic market sentiment.
XRP is poised for price discovery after a recent Gold Cross pattern.
CryptoQuant data shows that whale-to-exchange transactions increased by over 43,000 on July 11. Traders should be careful. Similar transactions rose to 4,672 on Friday before falling to 2,339.
If whales sell for profit while XRP trades near its all-time high, sharp spikes in this indicator might hurt the token's price.