Open interest in XRP futures has risen 23% so far in May, a sign that traders are betting more on the token even as its price trades nearly 6% below its recent high of $1.50. Priced at $1.46 at the time of writing, XRP The price of Ripple (XRP) has fallen by nearly a percent in the past 24 hours – yet the money flowing into XRP investment products tells a different story.
Institutional appetite continues to grow
XRP exchange-traded funds recorded nearly $26 million in inflows on Monday alone, the largest single-day number since January 5. This has pushed cumulative net inflows to a new all-time high of $1.35 billion, with total assets under management across spot XRP ETFs now at $1.18 billion. The line covers five consecutive days of net inflows.
XRP exchange-traded products — a category that includes ETFs and similar investment vehicles — generated nearly $40 million during the week ending May 8, according to data from CoinShares.
The net inflows to this group since the beginning of the year to date amount to $191 million, which brings the total assets under management to more than that. $2.5 billion. James Butterville, head of CoinShares research, described the pace as a “remarkable acceleration,” attributing part of the momentum to developments across the United States. The law of clarityincluding a compromise proposal on stablecoin returns released on May 1.
The charts are pointing towards a possible breakout
The data on the chain also changes. The 90-day cumulative volume delta of the XRP spot price has turned positive, a sign that buying pressure in the spot market is rising. Social media sentiment around XRP recently reached a two-year high, adding another layer to the bullish picture forming around the token.
Many analysts say the price chart supports further gains. One points to XRP bouncing off a multi-month bullish support line, leading to what could be a move towards $1.80.
A golden cross on the weekly MACD – a widely watched technical indicator – has been cited as reinforcing these expectations.
The more aggressive forecast puts XRP on a path toward $10, drawing comparisons to the token’s Q4 2024 rally after it broke out of a long accumulation range between $1 and $1.30.
Price and momentum open interest signal
XRP rose 2.3% in the past week. Futures open interest that rises in tandem with the price is generally read as new money entering the market rather than covering the short — a distinction that traders watch closely when assessing whether a move has staying power.
The data shows XRP ETFs It recorded its largest daily flow in more than four months this week.
It remains to be seen whether institutional demand on this scale translates into a sustained price recovery, but the numbers behind the current move are attracting serious interest.
Featured image from TopMicrobialStock/Shutterstock.com, chart from TradingView
