[DigitalToday reporter Yunseo Lee (이윤서)] XRP spot exchange-traded funds (ETFs) posted net inflows for a fifth straight trading session, marking the biggest daily inflow since January.

On May 12 (local time), Cointelegraph reported that XRP slipped to $1.42, 6 percent below a recent high of $1.50. The market is discussing further upside, citing institutional demand and technical trends.

Institutional inflows were also seen in exchange-traded products (ETPs) and spot ETFs. CoinShares data showed XRP ETPs recorded $40 million in net inflows in the week ended May 8. Year-to-date net inflows rose to $191 million, while assets under management increased to $2.5 billion. James Butterfill (제임스 버터필), head of research at CoinShares, assessed the performance as being supported by progress related to the U.S. CLARITY Act (CLARITY).

Flows into spot ETFs also continued. Net inflows topped $25 million on May 12, the largest since Jan. 5. XRP spot ETF assets under management rose to $1.18 billion, while cumulative net inflows expanded to a record $1.35 billion. The market sees this as a sign of growing institutional investment demand for XRP-related products.

While prices have undergone a short-term pullback, spot and derivatives indicators point to potential upside. On TradingView, XRP/USD rose 5 percent so far in May. CoinGlass data showed futures open interest increased 23 percent over the same period. Analyst CW8900 (CW8900) said the 90-day spot taker cumulative volume delta has turned green, increasing upward pressure in the spot market. The rise in open interest was also interpreted as a signal of building XRP upside momentum.

Optimism based on technical analysis also continued. Analyst Xaif Crypto (자이프 크립토) noted that XRP spot ETFs recorded their biggest daily inflow in about 4 months. Another analyst, Bird (버드), said XRP broke above a multi-month support line on the daily chart and forecast, "The next rally will be led by XRP." ChartNerd (차트너드) said the rebound from a multi-month rising support line opened the possibility of a break above $1.80, adding that a weekly MACD golden cross supports that view.

More aggressive price targets were also suggested. CryptoPatel (크립토파텔) said that if XRP/USD breaks out of a $1 to $1.30 range, a move similar to the 2024 fourth-quarter rally could be repeated, mentioning a "path to $10." Such forecasts are based on optimism among market analysts, and a cautious approach is needed as actual price moves depend on whether inflows continue and spot demand holds.

Market sentiment has also improved. Social media sentiment related to XRP recently rose to its highest level in 2 years. With inflows into spot ETFs and ETPs, rising open interest and spot-market buying dominance appearing at the same time, XRP has entered a phase of testing a potential resumption of gains despite a short-term pullback. Key points to watch are whether institutional inflows continue and whether attempts at a technical breakout translate into an actual shift in the price trend.

XRP ETFs just recorded their BIGGEST daily inflow yet: +$25.80M. Total net assets have now surged to $1.18B. Institutional money is accelerating into XRP at a pace the market is still underestimating. pic.twitter.com/HdO0qOAfBy