XRP is drawing renewed attention in the crypto community after an analyst raised a key question about the driving force behind demand for the asset in a global settlement system. The discussion focuses on how XRP would function if the XRP Ledger (XRPL) were widely adopted for payments, and whether the cryptocurrency's value comes from usage, liquidity routing, or deeper institutional structures built around it.
What's really unfolding beneath XRP's surface? Price continues to respect higher lows, but repeated breakout attempts at the $1.42 resistance are still being firmly rejected.
According to CoinGlass data, XRP recorded $115.02 million in spot outflows in the last 24 hours, which represents XRP withdrawn from exchanges in the said timeframe. This exceeded spot inflows, which came in at $99.41 million, resulting in a negative net spot flow of -280.65%.
Ripple SVP says XRP Is essential for RLUSD to function on the XRP Ledger (XRPL).
XRP is showing signs of a potential short-term reversal after a key technical indicator flashed a fresh buy signal, raising expectations that bullish momentum could return following the token's recent pullback.
While bitcoin captures the bulk of institutional flows, another asset quietly resurfaces in portfolios. ETFs backed by XRP have just recorded their first positive weekly inflow of May, reigniting speculation around a return of the Ripple token toward 2 dollars.
Crypto pundit Remi has declared that an XRP rally to $1,000 is nothing big, indicating that the altcoin could easily reach this target. The pundit also revealed why he believes that XRP could rally much higher, outlining potential use cases for the token.
Bearish derivatives sentiment on Binance persists despite XRP's steady recovery from a 60% correction
A 65,900% price surge. That's what followed the last time XRP touched the trendline it's sitting on right now — back in 2017, when the token was trading at less than a penny.
XRP is struggling to hold above $1.37 as the market cools following a period of cautious recovery that has now run into the same resistance that has capped multiple previous attempts at higher levels.
The XRP market has entered a phase of abnormal calm that may force traders to revisit charts from two years ago. The current consolidation within a narrow corridor around $1.40 visually mirrors the famous 2022–2024 sideways phase, when the coin drifted without a clear trend for at least 900 days.
The crypto market has traded mainly on the positive side over the last week, and XRP has just recorded the biggest weekly inflow of the month according to the latest data provided by SosoValue.