XRP’s $2.14 bull case just met a $474 million ETF tailwind

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XRP could reach $2.14 by late November according to a CryptoSlate model placing this bullish scenario at the 80th percentile, nearly 59% above the $1.35 reference level. US XRP ETFs recorded net inflows for six consecutive months, attracting approximately $474 million over that period. The token was trading around $1.32 to $1.33 on September 2, after gaining about 23-24% over the previous 30 days. In parallel, leveraged funds on CME hold a net short position equivalent to 115.7 million XRP, which could amplify any upward move if those positions need to be covered.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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