XRP Funds Attract $21 Million Despite Massive Price Dip, Is a Rebound Incoming?

Digital asset prices remained stagnant despite renewed interest in altcoins. This month, many institutional and retail traders sold holdings to recover previous positions. XRP attracted institutional players as its price moved past $2.40 after hitting double-digit outflows in two consecutive weeks. Other altcoins also gained traction on the back of XRP and Ethereum’s momentum.

XRP Yearly Flows Hit Breaks $152 Million

Last week, XRP was among the leading altcoins in terms of institutional numbers. The asset saw $21 million weekly inflows boosting yearly figures above $152 million despite a bumpy month. This follows rising investor interest in buying the crypto dip, especially favorites like XRP and ETH.

Last year, investors turned to XRP, pushing the price above $3 from under $1. The assets struggled got much of Joe Biden’s administration after the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and two executives. It should be noted that the regulatory headwinds also affected other altcoins, although XRP’s impact was more pronounced.

Donald Trump’s win at the November polls opened a new chapter for the asset as investors projected an end to the harsh crypto regulations. XRP price exploded, hitting points not seen in years. With increased buying pressure led by massive whale accumulations, traders tipped a run to $6. 

However, United States macro policies continue to hinder tech and crypto assets. Institutional investors have bought the dip, recording slight gains ahead of a cycle recovery. In the coming weeks, digital asset enthusiast Javon Marks predicts a major upside move for XRP. 

“XRP’s price, since breaking out and showcasing major upside progress in the quoted tweet below, has now confirmed its LARGEST BULLISH PATTERN since that breakout and can be preparing here for a MASSIVE CONTINUATION MOVE! Another major upside move can be in the works…”

Ripple’s Partnerships Resonate With Investors

Ripple continues its push for seamless cross-border transactions, disclosing groundbreaking partnerships. This week, the company partnered with Unicambio to foster crypto payments between Portugal and Brazil. Ripple explained that the move would facilitate fund transfer and settlement within minutes, giving Unicambio’s corporate clients an edge.

On Feb 5, Ripple partnered with Revolut and Zero Hash to democratize RLUSD’s adoption. As a result, the stablecoin will be listed in more markets, and Revolut’s and Zero Hash users will have access to the stablecoin on XRPL and the Ethereum Network.