XRP News: Vanguard Shift Triggers Surge in Demand, XRP ETF Attracts Nearly $90 Million in a Single Day—Is $3 Within Reach?

Against the backdrop of a “seismic” shift in mainstream financial institutions’ attitudes, the XRP market is experiencing a robust recovery. On December 2, the price of XRP rose 6.04%, closing at $2.1535, outperforming the broader market. More importantly, its spot ETF products have demonstrated astonishing capital absorption capabilities: during the market turbulence on December 1 alone, they recorded a net inflow of $89.65 million, far exceeding the performance of Bitcoin spot ETFs in the same period. The core driving force behind this rebound lies in giants like Vanguard Group and Bank of America suddenly opening crypto ETF channels for their clients, providing XRP with an unprecedented mainstream capital entry point. Analysts believe that, combined with expectations of Fed rate cuts and progress on the “Market Structure Bill,” XRP’s short- to mid-term outlook has turned optimistic, with upside targets at $2.35 and $3.

XRP Spot ETF Capital Soars, Absorption Ability Crushes Bitcoin ETFs

While the entire crypto market is still grappling with Japanese government bond yield fluctuations and widespread risk-off sentiment, XRP’s institutional capital channel has quietly staged a “silent feast.” Data shows that on December 1—a day when the overall market closed lower—XRP spot ETF products in the US market instead saw a net capital inflow of $89.65 million against the trend. This not only extended the product’s streak of consecutive net inflows to 11 trading days, but also marked the third-largest single-day inflow since the product’s launch.

The comparison is striking. On the same day, the total net inflow for all US Bitcoin spot ETFs was only $8.5 million, paling in comparison. Even more noteworthy, asset management giant BlackRock’s iShares Bitcoin Trust (IBIT) recorded a $65.9 million net outflow that day, extending its weak trend of $2.34 billion in net outflows during November. Amid this ebb and flow, there has been a subtle but clear shift in capital preference. Specifically, Grayscale’s XRP ETF (GXRP) and Franklin’s XRP ETF (XRPZ) led the way, with inflows of $52.3 million and $28.41 million, respectively. The cumulative standout performer, however, is Canary XRP ETF (XRPC), whose total inflows have reached $3.4945 billion, contributing over $7.56 billion in net inflows to the entire XRP spot ETF market.

This “buying the dip” institutional behavior is often seen as a strong medium- to long-term bullish signal. It suggests that a class of investors is not concerned with short-term price fluctuations, but instead makes sustained allocations based on expectations for an asset’s long-term value or specific events (such as regulatory clarity or real-world adoption). This creates an invisible “capital floor” for the XRP price, greatly enhancing its resilience during market volatility.

Key XRP Spot ETF Capital Data on December 1

Single-day net inflow total: $89.65 million

Consecutive net inflow days: 11 days

Best-performing ETF of the day: Grayscale XRP ETF (GXRP), inflow of $52.3 million

Bitcoin spot ETF market net inflow for the same period: $8.5 million

BlackRock iShares Bitcoin Trust performance that day: Net outflow of $65.9 million

Cumulative inflow champion ETF: Canary XRP ETF (XRPC), cumulative inflow of $3.4945 billion

Mainstream Finance “Opens the Floodgates,” Vanguard and Bank of America Ignite New Wave of Demand

The strong performance of XRP spot ETF capital is not an isolated event; it coincides with a historic shift in traditional finance’s attitude toward crypto assets. This week, two landmark events have acted as an injection of confidence into the crypto market: First, the asset management giant Vanguard Group, with over $7 trillion AUM, unexpectedly lifted restrictions on its brokerage clients investing in crypto spot ETFs; shortly after, Bank of America’s private banking and wealth management divisions announced that starting in January next year, investment advisors would be allowed to allocate 1% to 4% of clients’ assets into Bitcoin and other crypto assets.

These two events are seen by the market as a key step in “Wall Street opening the crypto floodgates to Main Street.” Bloomberg Intelligence Senior ETF Analyst Eric Balchunas sharply commented: “VANGUARD effect: On the first trading day after lifting the Bitcoin ETF ban, Bitcoin jumped 6% on US market open. Coincidence? I don’t think so.” His view goes straight to the core: When institutions like Vanguard and Bank of America, which manage trillions for millions of ordinary families, open up these channels, the potential demand is massive.

For XRP, this shift is particularly significant. Although Bank of America’s guidance is currently focused on Bitcoin, their statement leaves room for including other high-performing spot ETFs (such as XRP ETFs) in the future. Bitwise CEO Hunter Horsley commented when sharing the news: “Crypto is becoming mainstream.” Once these mainstream wealth management channels include XRP as an option, the incremental capital flow will be unimaginable compared to what crypto-native channels alone could provide. This is not just about capital inflows—it is also a signal of a leap in asset legitimacy.

The Tug of War Between Technical Pressure and Fundamental Shifts

Despite the favorable capital and news flow, pure technical analysis still puts XRP under key resistance. After the December 2 rebound, its price remains below both the 50-day (around $2.3223) and 200-day exponential moving averages (around $2.4997), which technical traders usually interpret as a sign that the medium-term bear trend has yet to be reversed. There is dense overhead resistance, including the psychological $2.20 level, the previous $2.35 platform, and the $2.50 area.

(Source: TradingView)

However, the market is currently in a fierce tug-of-war between “technicals” and “fundamentals.” The rapid improvement in fundamentals—including sustained ETF capital inflows, integration by mainstream financial institutions, a high probability of a Fed rate cut in December, and positive progress for the US “Market Structure Bill” in Congress—is continually weakening the bearish logic shown by charts alone. This battle often leads to violent price swings as the market seeks a new equilibrium.

Analysts believe that in the short term (1–4 weeks), XRP is likely to attack the $2.35 resistance level and attempt to challenge the 50-day average. If it can successfully break through and hold, the next target will be the 200-day average and $2.50. However, traders must remain vigilant: the $2, $1.9112, and even the November low of $1.8239 are all important support areas, and repeated market sentiment swings could see the price retest these levels to confirm support strength. For holders, setting a stop-loss below $1.8239 may be a prudent risk management strategy.

Outlook: Is a “Santa Rally” on the Horizon with Multiple Catalysts?

Looking ahead to the coming weeks, XRP’s trend will depend on the resonance of several key catalysts. First is the sustainability of ETF capital flows—data for December 2 and beyond will be important indicators of institutional confidence. Next is the macro policy environment—the Fed’s December rate decision and its outlook for next year’s monetary policy will directly impact the pricing of global risk assets. The Bank of Japan’s policy and its effect on “yen carry trades” is another variable not to be ignored.

Third, and most industry-specific, is progress on the US crypto regulatory Market Structure Bill. If passed, the bill would provide unprecedented regulatory clarity for crypto assets including XRP, attracting more traditional enterprises to allocate to them as reserve assets. Conversely, if it hits obstacles in the Senate, market sentiment could take a hit.

In summary, with mainstream capital entry points opening, strong ETF demand, and the prospect of looser macro policy, the road for XRP to return to $3 in the mid-term (4–8 weeks) has been paved with several key stones. Of course, the road will not be entirely smooth—any macro black swan event or unexpected regulatory setback could interrupt the process. But compared to the uncertainty of a few months ago, XRP’s outlook is now much clearer.