XRP rises 8% after Supertrend buy signal and ETF inflows

The digital asset XRP rallied sharply this week, rising approximately 8% to trade at around $1.14 by Friday, July 3. This surge represents the cryptocurrency's strongest performance since mid-June and marks its fourth consecutive day of gains. The price recovery saw XRP reclaim the psychologically significant $1.10 level after dipping to around $1.02 earlier in the week.

The rally appears driven by a confluence of technical signals, renewed institutional buying, and corporate developments from Ripple Labs. A key catalyst was a bullish buy signal from the SuperTrend technical indicator, which flashed for the first time since mid-June. Analysts noted that the last such signal preceded a 14% price rally.

Concurrently, U.S.-listed XRP exchange-traded funds saw renewed inflows, attracting nearly $7 million on Thursday after two days of outflows. Corporate news also provided a boost, as Ripple Payments launched operations in Europe under a provisional Crypto-Asset Service Provider (CASP) authorization granted through the European Union's Markets in Crypto-Assets (MiCA) regulatory framework.

Technically, the price broke above a descending trendline that had capped every rally attempt...