XRP gets a boost as ETFs draw in millions

A sudden rush of money into XRP-focused ETFs has pushed the token up 5 % in a single day and nearly 8 % over the past week. On April 15, investors added $17 million to these funds, the biggest one-day total since late February. The day before, another $11 million came in, making it the strongest two-day streak since the start of the year. These ETFs now hold more than $1 billion in total, with $1. 25 billion flowing in so far. The three largest ETFs took in most of the cash: Bitwise grabbed $6. 2 million, 21Shares took $5. 4 million, and Franklin Templeton added $5. 3 million. A smaller fund managed just $148 thousand. Behind this buying spree are hints of fresh partnerships and big buyers showing interest, including a life-insurance firm teaming up with Ripple and an insurance giant adding XRP ETF shares to its portfolio.Technical signs also turned positive. After months of sideways trading, XRP broke out of a narrowing pattern called a descending triangle. Today’s price leap cleared the upper boundary of that triangle and is now pushing toward the 50-day moving average near $1. 41. That line hasn’t been closed above since early February, so if XRP can stay above it, the next hurdle is the 100-day average near $1. 55 and a major resistance zone around $1. 80. Rumors are swirling that Solana might soon support XRP in a wrapped form. Solana posted an “XRP” hint on social media, and its co-founder replied, suggesting a wrapped token could arrive soon. A company called Hex Trust already created Wrapped XRP on Solana, Ethereum, and other chains last year, but almost all of it still sits on Ethereum instead.