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XRP has, for the first time since the introduction of ETFs, outpaced Bitcoin, Ethereum, and Solana in daily ETF inflows, accumulating over $164 million in just one day. A significant portion of this influx originated from the launch of the Grayscale and Franklin Templeton XRP ETFs on the NYSE, which attracted $67.4 million and $62.6 million, respectively, at their inception.
Some traders interpret this as an initial indication that XRP may surpass Bitcoin in December. The rationale is straightforward: when November experiences weakness, Bitcoin typically faces challenges in the subsequent month, and Coinglass data indicates that December often remains stagnant or declines again during those years.
Source: Bitcoin Monthly returns / Coinglass
XRP exhibits a peculiar pattern in December. Since December 2023, XRP has actually shown positive performance.
Nonetheless, the median return hovers around -3.16%, which generally advises traders to proceed with caution, but the average gain is a substantial 69.6% due to a few exceptional years that significantly distort the figures. This is why XRP’s performance in December is regarded as unique.
XRP Open Interest Is Rising Again
Following the Trump tariff crash in October, XRP’s open interest experienced a sharp decline and continued to fall. This trend is now reversing. Open interest is once again on the rise and is projected to exceed 4 billion dollars, according to Coinglass data.
Source: XRP Open Interest / Coinglass
The renewed interest is logical. Franklin Templeton, a $1.7 trillion asset management firm, recently remarked that XRP “plays a foundational role in global settlement infrastructure,” signaling strong institutional confidence.
Additionally, exchange data appears increasingly optimistic. Glassnode reports that over 73 million XRP exited exchanges in the past week. This typically suggests diminished selling pressure, as tokens held offline are less likely to be sold on the market.
Considering these factors, the next question is whether these changes are substantial enough to impact price movements in the upcoming weeks.
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XRP Price Prediction: Will XRP Revisit $3?
SOL’s price activity from July through Wednesday has established a crucial demand zone that has previously resulted in significant movement. The range between 2.17 and 2.25 served as an accumulation zone prior to a more than 40 percent surge, and if the price settles there again, a similar response could occur.
Meanwhile, the relative strength index (RSI) is trending downward, decreasing from 80 to 45 since July, indicating a rise in bearish momentum and is still not considered “oversold.”
The price may decline further or continue to consolidate in this zone, but as long as it remains above 1.95, the overall setup stays intact.
Bored Of OG Plays Like XRP? Bitcoin Hyper Offers Something New
With XRP making headlines due to its substantial ETF inflows and renewed institutional interest, many traders are searching for the next opportunity that can generate movement right now.
This is where Bitcoin Hyper continues to distinguish itself. While the major cryptocurrencies are attempting to recover and market sentiment remains uncertain, Bitcoin Hyper has been steadily building significant momentum behind the scenes.
The project has already secured $28.5 million in its presale, which is remarkable given the current cautious market conditions. Large investors are clearly positioning themselves early, and the reasoning is quite straightforward.
Bitcoin Hyper operates as a rapid Bitcoin Layer 2 built on the Solana Virtual Machine, yet it still settles back to Bitcoin for security. This allows for inexpensive and swift transactions without sacrificing trust.
The staking rewards are another significant attraction. The APY is sitting around 41%, which is considerable when most tokens are either stagnant or declining. Coupled with the trustless bridge that enables users to mint BTC one-to-one on the L2, this creates an ecosystem that benefits from volatility rather than being adversely affected by it.
Visit the Official Website Here
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