XRP Price Prediction as RLUSD Hits $1.8B and Ripple ETF Inflows

Key Insights

• XRP price crashed to a crucial support level this week.
• Data shows that spot XRP ETF inflows have surged this year.
• The Ripple USD (RLUSD) stablecoin has crossed the $1.8 billion milestone.

XRP price has crashed and remained in a bear market for months, and this week, it tested a break-or-break level as the crypto market sell-off accelerated. Ripple token slumped to a low of $1.2740, its lowest level in February and April this year. This article explores what to expect as the Ripple USD (RLUSD) market share jumps and XRP ETF inflows soar.

XRP ETF Inflows are Firing on All Cylinders

The ongoing XRP price weakness is happening at a time when its ETFs are firing on all cylinders. Data compiled by SoSoValue shows that these funds added over $11.8 million in assets on Friday, the biggest single-day increase since May 14, when they added $18.5 million in assets.

The ETF inflows now total about $60.50 million this week, the biggest weekly increase in months. Most notably, the funds had over $131 million in inflows this month, bringing the cumulative inflows to $1.42 billion. May was their best month this year, and the third one since their inception in October last year.

These ETF inflows have been spread across the three biggest funds. Bitwise’s XRP ETF added $5.59 million on Friday, bringing its total assets to $343 million. Canary’s XRPC ETF added over $2.38 million in inflows, while Franklin Templeton’s XRPZ added $2.14 million.

These inflows mean that there is robust demand for the coin, a notable thing considering that its top peers are shedding millions in assets. Bitcoin ETFs shed over $2.4 billion in assets in May, while Ethereum funds lost $540 million.

One major entity that has been buying these funds is Morgan Stanley, which has accumulated some Grayscale and Volatility Shares XRP ETFs. This is notable since it was the first time that the Wall Street giant unveiled its XRP ETF exposure.

Rising Ripple USD Market Share

One main reason why investors have moved to XRP ETFs is that the network is seeing some growth in key areas. For example, data shows that the Ripple USD (RLUSD) stablecoin market capitalization has jumped to over $1.8 billion. This is a major milestone, meaning that it may soon cross the $2 billion milestone.

Data compiled by Artemis shows that the adjusted volume of RLUSD transactions has jumped by ocer 11% in the last 30 days to over $11.1 billion. This is a sign that more people continue to use it because of its lower transaction costs. Another possible reason is that Ripple Labs is actively integrating it across its several brands, such as Ripple Prime and Treasury.

More data shows that the XRP Ledger is doing well in the Real-World Asset (RWA) tokenization industry. The network has seen its RWA assets jump by 10% in the last 30 days to over $3.58 billion. Its RWA holders soared by over 204% to 88. This is important as analysts believe that the RWA industry is still in its infancy.

XRP Price Technical Analysis

Ripple price has remained inside a narrow range in the past four months. It has faced substantial support at $1.2740 and resistance at $1.5485. This consolidation means it has underperformed other top coins like Venice Token (VVV), Near Protocol (NEAR), and Hyperliquid (HYPE).

On the positive side, the coin dropped to the crucial support level at $1.2740 this week. It jumped by nearly 20% the last time this happened. It has also formed a small doji candlestick, a common bullish reversal signal in technical analysis.

Therefore, there is a likelihood that the Ripple price will rebound in the coming days. If this happens, the next key resistance level to watch is $1.5486, the upper boundary of the horizontal channel. However, a drop below the lower side of this channel will invalidate the bullish forecast.

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