XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High

XRP’s futures open interest has climbed 23% so far in May, a sign that traders are betting bigger on the token even as its price trades roughly 6% below a recent high of $1.50. At $1.46 at the time of writing, XRP is down just nearly a percent in the last 24 hours — yet the money flowing into XRP investment products tells a different story.

Institutional Appetite Keeps Growing

Spot XRP exchange-traded funds recorded close to $26 million in inflows on Monday alone, the largest single-day figure since January 5. That pushed cumulative net inflows into a new all-time high of $1.35 billion, with total assets under management across spot XRP ETFs now sitting at $1.18 billion. The streak covers five straight days of net inflows.

Broader XRP exchange-traded products — a category that includes ETFs and similar investment vehicles — pulled in nearly $40 million during the week ending May 8, according to data from CoinShares.

Year-to-date net inflows for that group now stand at $191 million, bringing total AUM to over $2.5 billion. CoinShares head of research James Butterfill described the pace as a “notable acceleration,” attributing part of the momentum to developments around the US CLARITY Act, including a compromise proposal on stablecoin yields released on May 1.

Weekly digital asset fund flows point to investor rotation. Source: CoinShares

Charts Point Toward A Possible Breakout

On-chain data is also shifting. XRP’s 90-day spot taker cumulative volume delta has flipped positive, a signal that buying pressure in the spot market is picking up. Social media sentiment around XRP recently hit a two-year high, adding another layer to the bullish picture forming around the token.

Several analysts say the price chart supports further gains. One points to XRP bouncing off a multi-month ascending support line, setting up what could be a move toward $1.80.