XRP (CRYPTO: XRP) is up 5% on the day and 7.5% over the past week as spot ETFs recorded $17.11 million in net inflows on April 15, the highest single-day figure in almost two months.
The ETF Surge
ETF demand began picking up on April 14 with $11.20 million in inflows, forming the strongest two-day run since January.
Total net assets have crossed back above the $1.02 billion milestone, and cumulative inflows now stand at $1.25 billion.
Bitwise’s XRP ETF led April 15 with $6.23 million, followed by 21Shares at $5.43 million and Franklin Templeton at $5.30 million. Canary Capital saw a slight inflow of $148,130.
The inflows continued to surge this week amid bullish developments such as Ripple partnering with Kyobo Life Insurance and MassMutual buying Bitwise XRP ETF holdings.
The Triangle Breakout
The descending triangle that compressed price for months has officially broken to the upside.
Today’s candle has pushed through the upper trendline and is now challenging the 50 EMA at $1.4064—a level XRP hasn’t closed above since early February.
The SAR at $1.2930 sits well below, locking in the bullish daily signal, and the 20 EMA at $1.3648 has been reclaimed as support.
The next real tests are the 100 EMA at $1.5499 and the major horizontal resistance zone at $1.80.
The Solana Hint
Solana (CRYPTO: SOL) posted a video on X with the caption “XRP,” hinting at a potential integration of the token into the network.
Solana’s co-founder also reacted to the post, signaling that plans to launch a wrapped version of the Ripple-linked token may be on the horizon.
Hex Trust has partnered with LayerZero last year to launch Wrapped XRP (WXRP) on Solana and other networks, including Ethereum (CRYPTO: ETH).
However, the wrapped token has seen little adoption on the top Layer-1 network, with almost all the token’s supply on Ethereum instead.
Solana already hosts a number of wrapped tokens, including Bitcoin (CRYPTO: BTC), Ethereum, and ZEC (CRYPTO: ZEC).
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