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XRP has made significant waves in the cryptocurrency market recently, surpassing both Bitcoin and Ethereum in terms of weekly investment flows. The digital currency has attracted an impressive $5.7 million in new investments, surpassing Bitcoin, which faced an outflow of $25 million, and Ethereum, which saw a modest $2 million influx.
As of January 6, 2025, at 12:27 PM, XRP’s price stood at $2.4294, reflecting a 2.36% increase from the previous close of $2.3998.
CoinShares’ latest report sheds light on XRP’s rise in the market. The report indicates that while Bitcoin and Ethereum received large flows in early 2025, with Bitcoin securing $573 million and Ethereum gaining $11 million, XRP has drawn considerable attention with its $5.7 million inflow. This notable investment flow positions XRP as one of the top-performing altcoins during this period.
XRP’s Futures Open Interest has surged by 65%, further reflecting a growing confidence in the cryptocurrency’s future prospects. While trading volume has decreased by 12%, the increase in Futures Open Interest suggests that investors are positioning themselves for a potential upswing in XRP’s value.
The broader digital asset market has also seen impressive growth, with total digital asset investments reaching a record-breaking $44.2 billion in 2024, almost four times the previous record set in 2021. Despite Bitcoin’s $25 million outflow, it still led the market with a $38 billion influx, while Ethereum secured $4.8 billion in inflows.
A significant factor contributing to XRP’s positive momentum is the overall rise in investor optimism surrounding digital assets. This optimism has been fueled in part by political shifts, particularly after Donald Trump’s election win. The hopes for a crypto-friendly regulatory environment in the U.S. are rising, with some speculating that the Ripple-SEC case may see a resolution under the leadership of new SEC Chair, Paul Atkins.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.