XRP Bulls Gain Ground Over Bears On Social Media, ETF Inflow Streak Continues 🚀

Spot XRP exchange-traded funds continued a streak of positive flows, with over $20.1 million recorded on Friday, marking 19 consecutive days of net inflows.

Trader sentiment toward XRP has been shifting into bullish territory on social media this week, according to market intelligence platform Santiment, and at the same time, the streak of inflows into the token’s exchange-traded funds has continued.

Retail traders are staying optimistic toward XRP
XRP
$2.02
as it hovers around the $2 mark, with the week recording the seventh highest number of bullish comments for the year, Santiment said on Friday, citing data from its analytics platform Sanbase, which monitors social interest across 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 $2.00 market value for now. Sentiment is showing bullishness across social media,” Santiment said.

XRP has been drifting between $1.99 and $2.17 in the last seven days and is trading hands for $2.03 as of Saturday, according to crypto data aggregator CoinGecko.
XRP ETF inflow streak continues
Meanwhile, spot XRP exchange-traded funds (ETFs) continued a streak of positive flows, with over $20.1 million recorded on Friday, marking 19 consecutive days of net inflows, according to crypto research and investment platform SoSoValue.

The ongoing influx has pushed cumulative total inflows to nearly $974.5 million and the total assets under management to about $1.18 billion.

Nov. 14 has still been the strongest day for XRP ETF inflows, with over $243 million. In the weeks since, Nov. 18 has been the weakest day, with only $8 million, and Nov. 18 has seen the second-highest intake with $164 million.

Related: Ripple seeks to buy $1 billion XRP tokens for new treasury: Report

Giannis Andreou, pendiri dan CEO dari penambang crypto Bitmern Mining, mengatakan dalam sebuah postingan X di awal minggu bahwa “Wall Street belum berhenti membeli,” dan dia berspekulasi bahwa ini adalah “jenis akumulasi yang biasanya Anda lihat sebelum perubahan narasi.”

Ripple membangun momentum menuju akhir tahun
Ripple disetujui untuk mendapatkan izin bank trust nasional oleh Kantor Pengawas Mata Uang AS pada hari Jumat, bersama dengan penerbit stablecoin Circle.

BitGo, Fidelity Digital Assets, dan Paxos juga mendapatkan lampu hijau untuk mengubah perusahaan trust tingkat negara bagian mereka yang ada menjadi bank trust nasional yang diatur secara federal pada saat yang sama.
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