XRP ETF inflows hit $38M—can price break the $1.60 barrier?

US spot XRP exchange-traded funds saw around $38 million in two trading sessions, showing a fresh sign of investor demand.

XRP has also recovered to around the $1.56 price level, but it has yet to overcome selling pressure near the $1.60 price level. It must overcome this level before the latest rise it is seeing can develop into a stronger one.

Bitwise leads latest XRP ETF inflows

XRP ETFs saw $14.89 million in net inflows on September 24, according to SoSoValue data. This was after it saw around $23.17 million in the previous session, bringing the two-day total to just over $38 million.

Bitwise’s fund led the latest daily inflows with $9.91 million. Franklin Templeton followed with $4.98 million, while no net movement could be seen from the other listed products.

The five funds now hold a combined $1.70 billion in assets. Their cumulative net inflows have reached $1.76 billion.

Bitwise’s XRP holdings have also grown. The fund held 401.42 million tokens on September 23, which is up by 14.18 million from two days earlier.

Its XRP was worth about $613.89 million, according to Bitwise’s official fund page.

XRP price faces its next test at $1.60

XRP traded near the $1.56 price level at the time of this writing, having gained about 2% during the session.