XRP Sees Biggest Fund Inflows – Ripple Primed for Breakout?

The price of XRP has risen by 9.5% in the past 24 hours, jumping to $2.30 after US President Donald Trump voiced his willingness to sign a trade deal with China.

The crypto market as a whole is up by 5% today, while XRP has now posted an 11% increase in the past week and a 25% gain in a fortnight.

And these returns come as XRP enjoys the biggest flows into institutional crypto funds this week, according to data from CoinShares.

This indicates rising demand for the altcoin, which has seen its fundamental position strengthen in recent weeks, preparing the ground for some major gains later in the year.

XRP Sees Biggest Fund Inflows – Ripple Primed for Breakout?

CoinShares publishes its Digital Asset Fund Flows report every week, and what’s interesting is that XRP has been leading the market for inflows since the beginning of April.

This past week, the token funds saw inflows of $37.7 million, whereas Bitcoin and Ethereum once again witnessed net outflows.

This means that XRP is now the fourth-biggest cryptocurrency in terms of total investment into digital funds, a sign of increasing institutional interest in the token.

Its gains in the past couple of weeks are a reflection of this interest, yet it has also been helped today by Donald Trump’s remarks yesterday, which could lead to a resolution of the ongoing tariff situation.

Assuming that the US does reach a deal with China, the market will continue to recover strongly, potentially reentering a bull market if such a deal is accompanied by deals with other trading partners.

And in such a context, XRP is one of the strongest candidates to perform well, given its enviable fundamentals.

The past few weeks have seen Ripple and the SEC effectively end their long-running case, freeing Ripple to continue working towards its aim of becoming a serious alternative to SWIFT.

In such a context, XRP can only rise, while it also looks like it has more gains in store in the near term.

This is evident in its one-day chart, which shows its RSI rising past 60 and aiming higher, while its 30-day average (orange) has also just begun rising further beyond the 200-day (blue).

Based on this, we can expect to see the XRP price reach $2.50 early next month, while it could return to $3 by H2.

Newer Coins Can Outpace the Market

Few traders would bet against XRP right now, but it still may be some time before the alt posts major gains or record highs.

As such, investors may wish to diversify into newer alternatives, which may have the potential to post market-beating returns within a shorter timeframe.

One coin hoping to do this is SUBBD (SUBBD), an ERC-20 token that has now raised just over $200,000 in its recently launched presale.

SUBBD is bullish because it already boasts some very strong utility, given that it’s the native token of an adult-oriented content creation platform.

And what’s unique about SUBBD as a platform is that it will use AI-based tools to make content creation more efficient for users.

It will offer an AI personal assistant to users to help them with content creation, including the generation of ideas, advice and even content itself.

In addition, its use of crypto and blockchain will help creators monetize their content in a way that hasn’t been possible with legacy platforms.

And holding the SUBBD token itself will provide numerous perks, from early access to content to special bonuses and discounts.

Demand for SUBBD could therefore be substantial, especially its platform’s X account already has over 110,000 followers.

Investors can join its presale by going to the SUBBD token website, where SUBBD is currently selling for $0.055225.

This price will rise tomorrow and will continue to rise for as long as the sale lasts, so newcomers should act sooner rather than later.

The post XRP Sees Biggest Fund Inflows – Ripple Primed for Breakout? appeared first on Cryptonews.

Source link