XRP Fund Flow Soars 800%, Prices Skyrocket

The flow of XRP funds jumped 800%, prices skyrocketed (Photo; Doc. Narametrics)

JAKARTA - In recent weeks, XRP crypto assets have again become a major spotlight among investors. The flow of funds to XRP-based financial products has soared to 800%, reflecting growing interest in these assets. The latest report from CoinShares, which monitors the movement of capital in exchange-traded crypto products (ETPs), shows that in the past seven days, an additional US$800,000 (IDR 12.1 billion) has flowed to XRP-focused investment products.

Since early September, the total amount of funds flowing into the XRP ETP has reached nearly 2 million US Dollars (Rp30.3 billion), while so far this year, the amount has reached 24 million US Dollars (Rp364.4 billion). This brings XRP to one of the best investment-flow crypto assets, comparable to other large assets such as Solana (SOL) and Chainlink (LINK). This surge in funds shows the growing interest of investors in XRP.

The increasing flow of funds to the XRP ETP is often a good sign for the price of these assets. Reporting from U.Today, in the past week, the price of XRP has increased by more than 9.21%, penetrated an average 200 days of movement (MA) and passed an important level of dynamic resistance. Currently, XRP is trading at a price of 0.63 US Dollars (Rp9,566), the highest level in almost two months.

This price increase gave a positive signal that investors are starting to respond to market movements with optimism, especially because XRP's prospects are getting stronger after winning one of the rounds in major legal cases against the United States Securities and Exchange Commission (SEC).

One of the main factors driving investor interest in XRP is speculation over the final results of the case between Ripple and the SEC. Lawyers experts predict that the deadline for filing an appeal in this case will end on October 7. After that, the SEC no longer has the opportunity to appeal a decision stating that XRP is not a security.

This decision provides legal clarity for Ripple and XRP, which have been under regulatory uncertainty. In addition, Ripple was also forced to pay a fine of 125 million US Dollars (Rp1.8 trillion) as part of the decision. With the deadline getting closer, many investors predict that the price of XRP will continue to rise as positive news may emerge after the case officially ends.