Trader sentiment regarding XRP has shifted toward a bullish outlook on social media this week, as per market intelligence platform Santiment, while the continuous inflow into the token’s exchange-traded funds persists.
Retail traders remain positive about XRP (XRP) as it fluctuates around the $2 mark, recording the seventh highest number of bullish comments this year. Santiment reported on Friday, utilizing data from its analytics tool Sanbase, which tracks social activity across cryptocurrency channels such as Telegram, Discord, subreddits, and X.
“XRP’s bulls and bears are still in contention, and the asset is maintaining a $2.00 market value for the moment. Sentiment is reflecting bullish trends on social platforms,” noted Santiment.
XRP has been oscillating between $1.99 and $2.17 over the past week, currently trading at $2.03 as of Saturday, according to crypto data aggregator CoinGecko.
XRP ETF inflow streak continues
In the meantime, XRP exchange-traded funds (ETFs) continued to experience positive flows, with over $20.1 million recorded on Friday, marking 19 consecutive days of net inflows, according to crypto research and investment platform SoSoValue.
This influx has pushed the total cumulative inflows to nearly $974.5 million, with total assets under management reaching approximately $1.18 billion.
November 14 remains the strongest day for XRP ETF inflows, with over $243 million. The weeks since have seen November 18 as the weakest day, with only $8 million, while November 18 recorded the second-highest intake at $164 million.
Related: Ripple seeks to buy $1 billion XRP tokens for new treasury: Report
Giannis Andreou, founder and CEO of crypto miner Bitmern Mining, stated on X at the week’s start that “Wall Street hasn’t ceased buying,” speculating it’s the kind of accumulation typically seen before a narrative shift.
Ripple building momentum toward end of year
Ripple received approval for a national trust bank charter from the US Office of the Comptroller of the Currency on Friday, along with stablecoin issuer Circle.
BitGo, Fidelity Digital Assets, and Paxos also obtained approval to convert their state-level trust companies into federally chartered national trust banks concurrently.
In November, Ripple raised $500 million at a valuation of $40 billion, attracting investors including affiliates of Citadel Securities and Fortress Investment Group.
A month prior, the crypto company expanded its ambitions in the stablecoin space and sought acquisitions in brokerage and treasury management.
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