[Digital Today reporter Yoonseo Lee] XRP has posted strong inflows into exchange-traded funds (ETFs) in April, raising expectations of a recovery in institutional demand.

Cointelegraph, a blockchain media outlet, reported on April 29 that XRP spot ETFs recorded net inflows of $83.9 million in April, a clear reversal from net outflows of $31.16 million in March.

Recent moves suggest the demand recovery is not just a temporary rebound. Based on SoSoValue data, XRP spot ETFs saw inflows on 11 of the last 13 trading days, with cumulative inflows tallied at $82.42 million. Market analyst Xfinancebull said it was the strongest monthly inflow since December 2025.

Inflows are also coming into exchange-traded products (ETPs) more broadly. CoinShares data showed $25 million flowed into XRP-related exchange-traded products last week. That pushed net inflows for 2026 to $148 million and assets under management (AUM) to about $2.6 billion. It is a signal that institutional investors' preference for XRP products is continuing.

The price is also attempting a rebound near a key support line. XRP has moved within a symmetrical triangle range on charts for about 3 months, and the possibility of an upside break has come back into focus after support at the lower trend line. If the daily close ends above $1.45, the technical target could open up to $2.15.

Some conditions remain for the bullish scenario to hold. XRP must first move above the 100-day exponential moving average (EMA) of $1.52 and the 200-day EMA of $1.75. At the same time, the $1.40 support level must not break. That zone overlaps the 200-week EMA and the 20-day exponential moving average. If it breaks below that level, the bullish structure could weaken, and a drop below the triangle could open the way to $0.98. Another warning said XRP could head toward $1.12 if the moving-average zone at $1.38 to $1.40 breaks within days.

Another factor lifting expectations is Ripple’s major event. Brad Garlinghouse (브래드 갈링하우스), Ripple’s chief executive officer, mentioned “Lock in” to the community ahead of XRP Las Vegas 2026 in Las Vegas. Crypto exchange OKX released an image of the Las Vegas Sphere decorated with the XRP logo, and Ripple also put up billboards around the Las Vegas Strip promoting the event with the message “Raise the Standard.”

The event will be held on April 30 and May 1 and will cover expansion of the XRP ecosystem, next-generation applications based on the XRP Ledger and community building. Past cases show the event itself did not immediately translate into a long-term rise. After the 2025 Swell event, XRP rose 16 percent over a week, but later fell 30 percent in the same month from $2.56 to $1.81 between the 11th and the 21st.

Against that backdrop, the market is watching the actual announcements more than event expectations. If there is no major announcement, short-term interest could cool quickly. If inflows into ETFs and ETPs continue and the $1.40 support level holds, XRP could have room to try to re-enter the $2 range beyond a simple event-driven move.

UPDATE $XRP SPOT ETFS JUST POSTED ANOTHER GREEN WEEK. Last week closed with +$15.74M in net inflows, while total net assets are sitting around $1.10B with XRP near $1.44. Zoom out and the bigger signal is April: +$81.63M so far after March printed -$31.16M. That makes… https://t.co/UJrxG8hxBq pic.twitter.com/keFTBD6xmp