XRP News Today: ETF Inflows Near $1 Billion, Institutional Demand Surpasses Bitcoin? Short-term Target $2.35The XRP spot ETF market has shown remarkable explosive growth. Since its launch until December 5, in just a few weeks, only 4 ETF products have accumulated a net inflow of nearly $897 million, approaching the $1 billion mark, with a single-week net capital inflow reaching $230 million. This performance far exceeds that of the US Bitcoin spot ETFs, which saw net outflows during the same period. Meanwhile, Ripple has obtained an upgraded payment license in Singapore, and the expansion of its utility continues to make progress. Driven by both rising expectations of Fed rate cuts and strong inflows of institutional funds, the short- to mid-term price outlook for XRP is widely regarded as optimistic by the market, with analysts setting a short-term target of $2.35.
MarketWhisper·2h ago