Key Takeaways
XRP has gained 1.7% in 24 hours and 6% in a week, trading above $3.
Institutional inflows into XRP investment products totaled $14.7M last week, bringing year-to-date inflows to $1.4B.
XRP derivatives open interest rose 11% in seven days to $8.3B, signaling renewed trader momentum.
XRP Price Holds $3 as Momentum Strengthens
XRP (XRP $3.02) climbed higher on Thursday, extending its weekly gains to 6% and trading above $3 for the first time in two weeks. Analysts now see scope for a move to $3.12 and then $4.50, citing stronger institutional inflows and rising derivatives activity.
Institutional Inflows Reinforce Bullish Case
Data from CoinShares shows XRP-linked investment products drew $14.7 million in net inflows in the week ending Sept. 5, bringing year-to-date flows to $1.4 billion.
That places XRP ahead of many altcoin peers, with Bitcoin ($524M), Solana ($16.1M), and Sui ($600K) also recording inflows, while Ether saw $912M in outflows.
Analysts suggest the rotation away from ETH could benefit XRP ahead of a potential U.S. ETF approval, which remains one of the biggest catalysts on the horizon.
Derivatives Traders Turn Bullish on XRP
The derivatives market is echoing the institutional trend. XRP open interest (OI) climbed 11% in the past week to $8.3 billion, up from $7.4 billion on Sept. 4, according to CoinGlass.
Open interest also grew by 4% in the past 24 hours, reflecting renewed speculative positioning from traders betting on higher prices.
Analyst Targets: $3.12, Then $4.50
Market analysts argue the next resistance sits near $3.12, and a confirmed breakout could pave the way toward the $4.50 level, which would mark fresh multi-year highs.
With both institutional inflows and derivatives demand climbing, XRP’s uptrend appears to be gathering momentum, though ETF approval odds will likely remain the key driver in the weeks ahead.
