According to market intelligence platform Sentiment, trader sentiment about XRP is shifting into bullish territory on social media this week, and at the same time, inflows into the token’s exchange-traded funds continue.
Retail traders are bullish on XRP (XRP) as it hovers around the $2 mark, recording the seventh highest number of bullish comments for the week. said On Friday, citing data from its analytics platform Sanbase, which Monitor Social interest in cryptocurrency social channels, including Telegram, Discord, subreddits, and X.
“XRP’s bulls and bears continue to battle, and the asset is hanging on to a market value of $2.00 for now. Sentiment is bullish on social media,” Sentiment said.
XRP has fluctuated between $1.99 and $2.17 over the past seven days and, as of Saturday, was trading hands at $2.03. According to to crypto data aggregator Kongiko.
XRP ETF Inflow Streak Continues
Meanwhile, spot XRP exchange-traded funds (ETFS) continued a streak of positive flows, marking 19 consecutive days of net inflows, with a record high of over 20.1 million on Friday. According to To crypto research and investment platform Susualo.
The ongoing inflows bring total inflows to approximately $974.5 million and total assets under management to approximately $1.18 billion.
November 14 has been the strongest day of XRP ETF inflows, with over 3 243 million. In subsequent weeks, November 18 has been the weakest day, with just $8 million, and November 18 has seen the second highest volume with $164 million.
Related: Ripple Tries to Buy $1 Billion in XRP Tokens for New Treasury: Report
Giannis Andre, founder and CEO of cryptominer Bitcoin Mining, said In an X post earlier in the week that “Wall Street hasn’t stopped buying,” he speculated that this is “the kind of rally you usually see before a narrative shift.”
Wave building momentum towards the end of the year
Ripple was approved for a National Trust Bank charter by the U.S. Office of the Comptroller of the Currency on Friday, along with the stablecoin issuance circular.
Bitgo, Fidelity Digital Assets and Paxos also received the green light to convert their existing state-level trust companies into federally chartered national trust banks at the same time.
In November, Ripple raised $500 million at a $40 billion valuation, attracting investors including those affiliated with Fortress Securities and Fortress Investment Group.
A month ago, the crypto company pushed deeper into the stablecoin market and pursued acquisitions in brokerage and treasury management.
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