 ▲ XRP (XRP) / AI-generated image © |
Analysis suggests that XRP (XRP, Ripple) is preparing for a major upward move as institutional capital inflows and signals of supply reduction are occurring simultaneously.
According to cryptocurrency media outlet Watcher.Guru on March 10 (local time), conditions for a significant price movement in XRP are rapidly accumulating in the market. Seven XRP spot ETFs are already trading in the United States, with total inflows surpassing $1.24 billion. At the same time, on-chain supply reduction and whale accumulation are underway, further heightening expectations of a rally.
Analyst Dominus emphasized that the resolution of legal risks served as the biggest turning point for institutional participation. The lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple has effectively concluded with both sides withdrawing their appeals, and a federal court reaffirmed that XRP is not a security. This has created an environment in which institutional investors, previously sidelined by regulatory uncertainty, can now enter the market.
Signals of institutional demand are also evident in the ETF market. A total of seven XRP spot ETFs are currently trading in the U.S., with inflows exceeding $1.24 billion. Franklin Templeton holds approximately 118 million XRP, while major asset managers including Grayscale, Bitwise, 21Shares, and Canary Capital are also participating. However, BlackRock has not yet filed an ETF application.
On-chain data also shows signs of supply contraction. Approximately $5.7 billion worth of XRP has been withdrawn from exchanges, reducing market supply, and the top 100 whale wallets collectively hold 26.96 billion XRP. Additionally, CryptoQuant data indicates that whale fund flow metrics recently turned positive, signaling the inflow of so-called “smart money.”
Technical indicators are also drawing market attention. XRP’s weekly Relative Strength Index (RSI) currently stands at 32.96, a level last seen in 2020 when the price surged nearly sixfold over the following 90 days. Analysts note that several conditions not present during previous rallies—such as resolved regulatory risk, expanded ETF offerings, partnerships with over 140 banks, and broader institutional participation—are now aligning simultaneously. They expect further ETF inflows and a potential BlackRock ETF application to serve as the next major catalysts.
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