XRP Price Reclaims 8-Month High as XRP ETF Inflow and Network Engagement Rise
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XRP Price Reclaims 8-Month High as XRP ETF Inflow and Network Engagement Rise

Nøgleindsigter:

  • XRP price prediction reclaims $1.60 as whale activity and new wallet growth strengthen the market rebound.
  • XRP ETF inflows reach $1.73 billion cumulatively, with $20.02 million added on September 22.
  • Four major Canadian banks have previously tested Ripple coin and XRP for cross-border payments.

XRP price prediction has reclaimed an eight-month high as whale activity, new wallets, and XRP ETF inflows point to stronger engagement. Network use is also rising. Tests involving major Canadian banks add another layer to the Ripple coin story around the XRP Ledger today as markets track the latest move closely.

XRP Price Prediction: Rebound Gains Support From Network Activity

Based on the latest XRP price prediction, the coin moved above $1.60 for the first time since February 4, according to Santiment. Santiment recorded 1,917 XRP transactions worth at least $100,000. It described this as the strongest high-value activity in roughly one month.

Whale transactions do not prove that large holders are accumulating XRP. Still, they do show major holders are repositioning as the price rises. Strong whale activity can show interest without proving that whales are building long-term positions.

Network growth also picked up. Santiment reported 3,647 new XRP wallets, suggesting fresh participants are joining the network. This gives the rally another source of activity beyond existing traders. The rise in new wallets suggests the rally is attracting users who were not active earlier.

XRP Price Prediction and Market Outlook | Source: Santiment
XRP Price Prediction and Market Outlook | Source: Santiment

It is not relying only on established market participants already trading in the current market today. The XRPL ecosystem has also grown. Tokenized-asset and RLUSD balances recently reached about $4.26 billion. Ripple separately reports about $2.4 billion of RLUSD in circulation. Those figures point to more activity around tokenized assets and stablecoin settlement. They also give the XRP price prediction rebound a wider network backdrop.

XRP ETF Inflows Reach $1.73 Billion

Beyond XRP price focus, SoSoValue data show cumulative net inflows of $1.73 billion as of September 22. On that day, XRP spot ETFs recorded $20.02 million in net inflows. Total net assets stood at $1.73 billion. Total value traded reached $95.70 million.

Recent daily figures have not moved in one direction. XRP ETFs recorded no net inflow on September 21. They saw a $43.70 million outflow on September 18 and another $5.15 million outflow on September 17. September 16 recorded $3.50 million in inflows. September 14 brought $11.26 million, followed by $5.14 million on September 10 and $12.29 million on September 9.

XRP ETF Inflow Outlook | Source: SoSoValue
XRP ETF Inflow Outlook | Source: SoSoValue

This mixed flow pattern is important. It shows the XRP ETF market has seen both strong inflows and withdrawals. Still, the cumulative figure remains at $1.73 billion, giving the XRP ETF trend a clear record of net demand. Bitwise also filed an updated XRP ETF registration with the SEC on September 18. That filing adds to the wider institutional access story around XRP price value.

Canadian Banks Have Tested Ripple Coin And XRP

Canada adds another angle to the Ripple coin story. Four of the country’s six biggest banks have previously tested Ripple and XRP, based on the supplied posts. The banks named are Royal Bank of Canada, Bank of Montreal, CIBC, and Scotiabank. They reportedly tested XRP for interbank cross-border payments in 2016.

Meanwhile, all six of Canada’s biggest banks have launched a joint tokenized-deposit project for blockchain payments. The first phase focuses on moving tokenized Canadian dollar deposits between the six banks. A second phase is planned to connect the system with other digital asset networks.

However, the technology behind the new project has not been named. Therefore, the development should not be described as Canada choosing XRP. The earlier tests still matter because several major Canadian banks have already explored XRP for cross-border payments.

Notably, the new project also shows continued interest in blockchain-based payment systems. For the Ripple coin market, these developments add to a wider story of network use. XRP price prediction is rising alongside whale activity, new wallet creation, and XRP ETF flows. Whether these trends continue will be important for the next phase of the rally.

Indlægget XRP Price Reclaims 8-Month High as XRP ETF Inflow and Network Engagement Rise blev først offentliggjort på The Coin Republic.

Dette er ikke investeringsrådgivning Analyser offentliggjort her er kun til information. Digitale aktiver er volatile, og du kan miste hele værdien af din position. Lav din egen research, før du handler.
Godfrey Benjamin

Godfrey Benjamin

Godfrey Benjamin er en erfaren kryptojournalist, der har som hovedmål at uddanne alle omkring sig om mulighederne i Web 3.0. Hans kærlighed til krypto opstod, da han som tidligere bankmand opdagede de åbenlyse fordele ved decentraliserede penge frem for traditionelle betalinger. Med sin store erfaring inden for forskellige aspekter af Web3 er Godfreys artikler blevet bragt på blandt andet Blockchain.news, Cryptonews og Coingape.