$105 million flows into U.S. spot XRP ETFs amid breakout confirmation
U.S. spot XRP ETFs recorded net inflows of approximately $105 million during the week ending August 24, according to data cited by crypto analyst Ali Martinez. This surge in institutional demand coincides with a technical breakout for XRP, which has cleared key resistance levels and is now targeting $1.70 per token. The ETF inflows are seen as significant due to recent regulatory clarity following Judge Torres' ruling that XRP itself is not a security—a decision that removed major compliance barriers for institutional investors. Martinez noted the structural strength of XRP's price movement, particularly its ability to hold key support levels and break above resistance after a 20% correction from earlier gains. The growing capital deployment into XRP ETFs reflects real-world adoption rather than just speculative interest, signaling increased confidence in the asset post-SEC ruling.
Tickers: $XRP