XRP inflows reach $145 million, will Ripple's price hit $3?

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XRP News: CoinShares reports that Ripple token purchases reached $145 million in one week. With whales buying 800 million tokens, will the price of XRP hit $3?

XRP News: Digital asset investment products continue to see huge inflows, with $3.2 billion coming in last week. This marks the 10th consecutive week of inflows due to strong interest from institutional and retail investors. Notably, against the backdrop of rising XRP prices, purchases of XRP also set a record of $145.8 million, up from $134.3 million the previous week.

XRP News: Institutions purchase $145 million worth of XRP

CoinShares' research report on December 16 shows that net inflows for digital asset investment products reached $3.2 billion last week, bringing the total for the year to over $44.5 billion, with Bitcoin and Ethereum seeing inflows of $2 billion and $1 billion respectively last week.

Surprisingly, driven by institutional demand, XRP continues to see high inflows. With Donald Trump's cryptocurrency-friendly government and SEC Chairman Gary's resignation, the likelihood of XRP ETFs being launched in the U.S. has greatly increased. Bitwise, 21Shares, Canary Capital, and WisdomTree have submitted applications seeking approval from the SEC.

Moreover, the crypto community is optimistic about the end of the Ripple vs. SEC lawsuit following Gensler's exit. The government agency is set to submit its main brief by January 15.

Analysts predict XRP price will reach $3

Influenced by the latest news of Ripple's upcoming RLUSD stablecoin, popular analysts are optimistic that XRP's price will easily break the $3 mark.

Famous analyst Credible Crypto states: "The structure of XRP looks very clear and bullish, it's actually crazy." He predicts that XRP's price will easily break $5 by 2025. He advises traders to avoid focusing on lower time frames, "The overall situation is incredibly bullish without a doubt."

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