After the successful launch of the first US spot XRP ETF, inflows have already near $900 million in just 13 trading days, with every single day closing in the green.
But even with this strong demand, XRP’s price is down nearly 2% today. Meanwhile top chart analyst Ali Martinez believes XRP could climb toward $2.75 if it breaks a major resistance level that has held it back for weeks.
One of the biggest reasons behind this week’s momentum is the strong inflow into XRP ETFs. On December 3, U.S. spot XRP ETFs recorded $50.27 million in net inflows, taking their total to $874.3 million, as per SoSoValue data.
This steady rise now places XRP ETFs among the fastest-growing crypto investment products in the market. Reaching close to the $1 billion mark in less than a month shows how quickly traditional finance is beginning to trust and adopt XRP.
This consistent buying pressure from institutional investors has helped bring more stability to XRP’s market performance.
At a time when many altcoins are showing volatile and unpredictable moves, XRP is holding its ground strongly.
Looking at the larger 3-day chart, XRP is still moving under a long downward trend that began months ago. Recently, XRP bounced sharply from the $1.90–$2.00 support area, confirming that buyers are actively protecting the lower range.
But on the upside, XRP is now getting closer to the key $2.28 level, a point that has rejected the price several times before.
Accordingly to top chart analyst Ali Martinez this level as a major barrier. Because of this setup, XRP is currently stuck between strong support below and heavy resistance above.
The Ichimoku Cloud and the long downward trendline are still blocking a clean breakout, keeping the price trapped in a narrow zone.
If XRP manages to break above this trendline, the momentum could quickly flip bullish. The next major target would be around $2.75 and further to $3.
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