- XRP climbed above $2 on Friday, its highest level since mid-December.
- SoSoValue data shows U.S. spot XRP ETFs took in about $13.6 million on Jan. 2, lifting total inflows to roughly $1.18 billion.
- Traders cited steady ETF demand and a more favorable U.S. regulatory outlook after SEC Commissioner Caroline Crenshaw departed.
- Speculation over a possible Market Structure Bill markup on Jan. 15 added to positive sentiment.
- The XRP rally contrasted with weaker flows for major crypto funds; Bitcoin and ether moved only modestly higher.
XRP rose above $2 on Friday for the first time since mid-December as traders pointed to steady spot ETF inflows and an improving U.S. regulatory tone. The price move followed fresh data showing continued demand for U.S. spot XRP ETFs and heightened policy expectations heading into January.
Data cited by SoSoValue showed U.S. spot XRP ETFs took in about $13.6 million on Jan. 2, pushing total inflows since launch to roughly $1.18 billion. That steady demand has shifted near-term supply and demand dynamics in XRP’s favor even as broader crypto benchmarks remained rangebound.
Market participants said the rally also reflected reassessments of the regulatory backdrop after the departure of SEC Commissioner Caroline Crenshaw. According to market commentary, Crenshaw had been among the most vocal skeptics of crypto spot ETFs and had opposed the SEC dropping its appeal in the Ripple case.
Speculation about upcoming legislation added momentum to the market. Traders pointed to a possible Market Structure Bill markup on Jan. 15, which kept policy expectations elevated into the first quarter and supported token-specific flows.
The strength in XRP stood out against mixed flows in other major crypto ETFs, with the same data showing weaker demand for bitcoin funds. XRP was last trading just over $2, up about 8% on the day, while bitcoin hovered just over $90,000 and ether traded around $3,000, both only modestly higher. See the related image here.
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