bullish

Parabolic

Chainlink

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Another Monday brings a new weekly digital asset fund flows report from&nbsp;<a href="https://blog.coinshares.com/volume-202-digital-asset-fund-flows-weekly-report-e00fa60eac86" rel="noopener noreferrer nofollow">CoinShares</a>, which tracks the movement of capital between cryptocurrency-focused exchange-traded products and funds. This week was particularly interesting, as it was revealed that the XRP-focused financial vehicles saw a staggering 800% increase in inflows over a week.
This means that $800,000 was added to XRP ETPs in the last seven days, and brings the total since the beginning of September to almost $2 million and since the beginning of the year to $24 million. This is one of the best results for crypto-focused investment products, on par with&nbsp;<a href="https://u.today/11543x-return-on-new-solana-meme-coin-but-you-must-know-this-first" rel="noopener noreferrer nofollow">Solana (SOL)</a> or Chainlink (LINK) ETPs. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d50d5f4b-0bb7-41ad-b072-09398250fa6e" src="https://u.today/sites/default/files/inline-images/xrp_401.png">Source: <a href="https://blog.coinshares.com/volume-202-digital-asset-fund-flows-weekly-report-e00fa60eac86" rel="noopener noreferrer nofollow">CoinShares</a>
<h2 dir="ltr" id="xrp-price-outlook">XRP price outlook</h2>
Continuous flows into XRP ETPs are usually a good sign, accompanying or sometimes preceding positive price action on the seventh largest cryptocurrency.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="d1881df5-11a1-4b0f-9385-600989984264" src="https://u.today/sites/default/files/inline-images/xrpprice_18.png">XRP to USD by <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
This time it is more of the former case as, over the past week, the price of&nbsp;<a href="https://u.today/470-million-xrp-in-days-heres-what-happened" rel="noopener noreferrer nofollow">XRP</a> surged more than 9.21%, breaking above 200 MA and taking over a crucial dynamic resistance level. As of now, the popular cryptocurrency is trading at $0.63 - the highest level in almost two months.&nbsp;
<h2 dir="ltr" id="sec-v-ripple-deadline">SEC v. Ripple deadline</h2>
What is driving investors to bet more on XRP? Maybe it is the anticipation of some major news like the deadline for the appeal in the SEC v. Ripple lawsuit.&nbsp;
According to several expert lawyers, the deadline is set around Oct. 7, which is just a week away. After that, there will be no way to appeal the recent ruling that recognized XRP as a nonsecurity and forced&nbsp;<a href="https://u.today/xrp-community-outraged-as-ripple-usd-rlusd-faces-freeze-on-xrpl" rel="noopener noreferrer nofollow">Ripple</a> to pay $125 million in fines.

XRP Rockets 800% in Fund Flows as XRP Price Goes Parabolic

Table of Contents

U_Today

Other articles published on Sep 30, 2024

Indonesia launches first NFT postage stamp

Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer

Empowering Blockchain Users with Qubetics Non-Custodial Wallet for Enhanced Privacy and Control i...

The Cryptocurrency Trilemma and Its Evolution into a Quadlemma

Crypto Investment Products Attract Significant Funding

Next Cryptocurrency to Explode, September 30 — Mina Protocol, Arweave, Conflux, Ethena

Join our free newsletter for daily crypto updates!