XRP Market Sees Fresh Inflows as Investors Bet on Recovery

The crypto market has experienced its fair share of volatility over the past few months, with XRP being no exception. The token's price slid by approximately 25.88% over a three-month period, leaving many to wonder if it had finally reached a bottom.

However, recent data suggests that investors are once again willing to take a chance on XRP. Franklin's XRP ETF, in particular, has seen significant inflows of $3.89 million on April 24, marking a fresh vote of confidence in the battered market.

This influx of capital has resulted in a notable increase in total assets under management, with the latest flow amounting to roughly 1.52% of the fund's AUM. While this may not seem like a significant percentage, it is worth noting that it is a meaningful shift for a single trading day.

The technical backdrop for XRP also appears to be improving, with the token's 1-day technical signal flipping to a bullish Buy. This suggests that traders may be positioning themselves for a rebound after the prolonged drawdown.