Main navigation

XRP, ADA in Record-Breaking Inflow Surge — Largest Bull Run Since 2021

Mon, 27/11/2023 - 16:30
XRP, ADA in Record-Breaking Inflow Surge — Largest Bull Run Since 2021
Cover image via

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Cryptocurrencies XRP and Cardano (ADA) are not left out of the recent market optimism, with the ETF anticipation fueling the largest surge in inflows since late 2021.


According to the most recent CoinShares report, digital asset investment products attracted $346 million in inflows in the previous week.

Notably, this is the largest weekly inflow in a nine-week run spurred by the anticipation of a spot-based ETF launch in the U.S. This run, remarkably, is the largest since the bull market in late 2021.

XRP and ADA saw inflows in the past week totaling $0.2 million and $0.6 million, respectively, alongside cryptocurrencies Bitcoin and Ethereum, which likewise saw inflows.

Bitcoin witnessed $312 million in inflows last week, pushing the year-to-date total to just over $1.5 billion, while short-sellers continue to capitulate.

Ethereum had $34 million inflows in this period, increasing the four-week total to $103 million, nearly reversing its run of outflows this year and signaling a decisive turnaround in sentiment.

XRP, ADA outlook

On-chain data paints a promising outlook for XRP and Cardano, despite current price decreases.

At the time of writing, both XRP and Cardano were down 3.48% and 2.33% in the last 24 hours, respectively, mirroring general crypto market declines.

Increasing accumulation is spotted among XRP whales, who recently purchased 11 million XRP, per on-chain data.

XRP Flips Cardano (ADA) for Most Traded Among Whales, Here's What Is Going On

Also based on on-chain data, Cardano is trading at a major demand zone between $0.37 and $0.38, where 166,470 wallets purchased 4.88 billion ADA.

According to Ali, a crypto analyst, with minor resistance ahead and solid support below, staying above this zone might pave the way for ADA to reach new yearly highs. If this support is lost, ADA might fall to $0.34 or $0.33.

In the event of an uptrend, ADA must close above $0.40 to advance toward $0.46.


Latest Press Releases

Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
XRP Makes Crucial Price Move, But Massive Roadblock Is Ahead
DeeStream (DST) Crypto Coin Sale Campaign Might be in Spotlight since Shiba Inu (SHIB), Polkadot (DOT) Supporters Waiting for Upgrades
Cardano Founder Hails Elon Musk's X for Crushing ECB's Bitcoin Diss
First ERC404 Token Pandora Shows Explosive Performance as Whales Turn to Buying
Avalanche Faces Downtime, AVAX Price in Red
Our social media
There's a lot to see there, too

Popular articles