Significant Inflows into New XRP ETFs
As spot ETFs for XRP are launched, interest in these ETFs continues to grow. At this point, according to XRP Insights data, four new XRP ETFs, including Grayscale GXRP and Franklin Templeton XRPZ, amassed approximately 80 million XRP within 24 hours of their launch on the 24th. This figure reportedly surpassed the initial inflows recorded in the recently launched spot Solana (SOL) ETF.
Decreasing Binance Holdings and Investor Behavior
CryptoQuant analyst Darkfost also said that Binance’s XRP holdings have also been steadily decreasing since last month, dropping to around 2.7 billion. Stating that this figure is one of the lowest levels recorded for Binance, the analyst emphasized that the decrease in XRP assets means that investors are withdrawing XRP from Binance and moving it to their personal wallets.
Positive Signs and Future Outlook
Stating that this situation is a positive sign for XRP, the analyst stated that XRP could move into a more constructive phase with increasing institutional interest. As interest in XRP continues to grow, analyst Peter Brandt, one of the well-known names in the financial world, shared an optimistic forecast for XRP. While Brandt didn't explicitly mention XRP, Thinking Crypto Podcast host Tony Edward immediately knew which chart he was referring to and pointed to XRP. At this point, legendary analyst Brandt hinted that XRP could perform quite well in the coming months.