XRP ETF Inflows Extend 11-Week Streak — Peter Brandt Says You Don’t Need To Be A ‘Cult Member’ To Bet On Token

Ripple's XRP (XRP) edged lower on Sunday after spot XRP exchange-traded funds (ETFs) extended their inflow streak to 11 weeks. Adding to the sentiment, veteran trader Peter Brandt also put XRP's chart in focus over the weekend, saying the charts alone were enough reason for him to consider a trade and that the XRP community is not 'cult members'.

Spot XRP ETFs recorded $75.59 million in net inflows last week, according to SoSoValue data. That extended their positive flow streak to 11 consecutive weeks and took cumulative net inflows to $1.79 billion. The latest weekly inflow was about 691% higher than the previous week.

XRP’s price was down 0.2% in the last 24 hours. On Stocktwits, the retail sentiment around XRP remained in ‘bullish’ territory, with chatter at ‘low’ levels over the last day.

What XRP's Chart Says

Strong ETF inflows and recent accumulation have boosted XRP's bullish technical setup, attracting the attention of veteran trader Peter Brandt.

Brandt shared a long-term XRP chart on Saturday, arguing that investors don't need to be committed supporters of the cryptocurrency to consider owning it. “It is not necessary to be a certified cult member to be an interested owner of a crypto $XRP," said Brandt.https://x.com/PeterLBrandt/status/2104004914464825446