XRP ETF Sees First Weekly Net Inflow in May...Expectations for $2 Breakthrough Explode

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The XRP spot ETF recorded its first weekly net inflow in May. As investor sentiment across the cryptocurrency market improves, institutional funds are re-entering XRP-based investment products, fueling expectations for an XRP price breakthrough.

U.Today reported on May 9, citing SosoValue data, that the XRP ETF recorded a total net inflow of $28.17 million over the past week. This marks the XRP ETF's first weekly net inflow in May and its largest weekly inflow.

According to the article, the XRP ETF showed a weak performance in the previous week but displayed signs of a rebound amid a broader cryptocurrency market recovery. U.Today stated that as market sentiment turned extremely bullish, demand from institutional investors notably increased.

The influx of funds into XRP-based investment products also coincided with the recent upward trend in XRP's price. U.Today explained that with XRP showing an upward trend over the past seven days, institutional investors have begun to show a more optimistic attitude towards XRP's future price potential.

During the period, XRP consistently traded above the $1.40 range, showing potential for a price breakthrough. U.Today assessed that XRP has largely maintained an upward trend in May and showed a strong breakthrough after a prolonged period of volatility last month.

At the time of writing, XRP was moving around the $1.40 mark. U.Today reported that market observers are optimistic about the possibility of greater price volatility in May, with some analysts predicting that XRP could reach $2 before the end of the month.

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