XRP Price Increase Expectation: Ripple CEO Made Statements

XRP price is presenting an important opportunity for investors by maintaining the $2.04 support level. According to market data, the XRP price is currently hovering around $2.05, experiencing a pullback of about %1 in the last 24 hours. However, XRP remains slightly in the positive zone on a weekly basis, successfully attracting the attention of investors with the inflow of funds from the ETF side.

Ripple CEO Brad Garlinghouse has emphasized the rapid growth of XRP ETFs recently, raising market expectations. According to analysts, the $2.04 level corresponds to the 0.5 Fibonacci retracement, which is a macro-scale support point. If this level is maintained, the first significant targets in the chart are set at $2.41 and then $2.65. However, if the price drops below $2.04, the $1.73 and $1.64 levels may come into play.

The RSI indicator reaching the level of 56 signals a potential area that could support momentum if buyers step in. Additionally, the XRP ETF products reached an asset under management (AuM) of $1 billion in less than four weeks, as announced by Garlinghouse. The current value is approximately around $1.23 billion, with a net inflow of around $935 million across four different XRP ETFs managing over 597 million XRP in total.

Notably, Canary Capital’s XRPC product has been the pioneer of this success, holding more than half of the total assets. Garlinghouse states that the approval of more than 40 crypto ETF products in the US and the ability of major investors to access crypto products through proper retirement and asset accounts demonstrates the real demand for regulated crypto products. He expresses that this new wave will create a participant profile focused on themes such as longevity, stability, and community rather than on-chain transactions.

Finally, on-chain data reveals that the transaction speed on the XRP Ledger has increased, with over 510 million XRP transferred between large wallets in the past week. Considering the strong inflows in the ETFs and the critical $2.04 support, it seems likely that XRP will test the $2.25 – $2.50 band in the coming days.