The XRP (XRP) ETF story keeps getting better. Monday brought another $46.10 million in inflows, extending what's become the most consistent launch streak in recent crypto ETF history. Since these funds started trading on November 13, they haven't recorded a single day of outflows. Not one.
Total cumulative flows now stand at $1.23 billion, with net assets representing 1.17% of XRP's entire market capitalization. That's actual institutional money flowing into a token that spent the better part of three years fighting off the SEC.
Who's Leading the Pack
Canary's XRP ETF (XRPC) dominates the field with $407.01 million in net assets and cumulative inflows of $383.94 million. When one fund captures that much of the market, it usually means they got the product right or the timing perfect. Probably both.
The Regulatory Picture Improves
Here's where things get interesting. SEC Commissioner Caroline Crenshaw, who built a reputation for crypto skepticism, recently departed. Her exit removes what many viewed as a key obstacle to digital asset adoption, and the market is treating it like the starting gun just fired.
But that's not all. Market structure legislation expected to advance through Congress this month has traders positioning bullish. XRP, which spent 2020 through 2023 operating under the cloud of the SEC's lawsuit against Ripple Labs, now looks like the prime beneficiary of this regulatory thaw. The irony isn't lost on anyone: the token that faced the most regulatory pressure might end up gaining the most from regulatory clarity.
The Technical Setup Looks Promising
XRP has climbed 34% from its December low of $1.77, a two-week rally that's got technical analysts paying attention. The token reclaimed the 100 EMA at $2.2273 and is now testing the 200 EMA at $2.3475. That's a significant structural improvement after spending November and December trading below all major moving averages.
The 0.382 Fibonacci level at $2.2854 now provides immediate support, while price action attempts to break through the 0.5 retracement at $2.4432. The SAR indicator flipped to $1.9410, offering strong dynamic support below current levels.
What's particularly notable is the break above the descending trendline that pressured XRP since August. In technical analysis, that typically signals a trend change rather than just another failed rally attempt.
The challenge ahead: XRP faces dense resistance between $2.40 and $2.60, where the 0.5 and 0.618 Fibonacci levels converge with previous support that's now turned into resistance. Breaking through that zone won't be easy, but the momentum suggests it's possible.
What to Watch
On the upside, resistance sits at $2.44 and $2.60. A clean break above $2.60 opens the door to $2.80-$3.00, with $4.00 as the ultimate target if the rally gains steam.
On the downside, support holds at $2.23. Losing $2.09 would break the recent structure and expose the $1.94-$1.77 zone where buyers would likely step back in.
The combination of persistent ETF inflows, improving regulatory conditions, and constructive technical patterns creates an interesting setup. Whether it translates into a sustained move toward $4 depends on whether those resistance levels crack and whether the broader crypto market cooperates. But for now, the momentum favors the bulls.