Ripple’s XRP has recovered by approximately 2% in 24 hours, trading near $1.34 as institutional investment shows resilience. Spot XRP ETFs recorded $11.88 million in daily net inflows, extending a positive streak amid broader market weakness. The cumulative net assets for these funds now total $1.12 billion, representing 1.37% of XRP’s total market capitalization.
Ripple’s XRP has recovered by around 2% over the past 24 hours, climbing back toward $1.34. This move comes as institutional demand via spot XRP ETFs continues to contrast with broader market weakness.
According to data from SoSoValue for today, spot XRP ETFs recorded $11.88 million in daily net inflows. This brought the cumulative total to $1.42 billion, or $1.12 billion in net assets.
That figure represents 1.37% of the total XRP market cap. The inflows follow yesterday’s positive reading, when these products saw about $1.77 million in inflows despite a broader downturn.
“The inflows may not be massive, but they do indicate a temporary trend, with institutions continuing to accumulate XRP amid market instability,” according to the report. The continued streak gives bulls a positive narrative, but ETF demand alone has not been enough to fully reverse XRP’s broader downtrend.
From a technical perspective, XRP’s 2% daily bounce is encouraging but is not a confirmed trend reversal signal. The token has recently slipped toward its lowest level since March, with the $1.20 region serving as key support.
The first major upside level to watch is around $1.4. A successful breakout above it could open the door to a move toward $1.5-$1.6 and improve short-term sentiment.
On the downside, a clean break below $1.20 would be a bearish signal, potentially exposing the altcoin to a deeper correction. For now, however, XRP’s price outlook remains cautious.
