The Institutional Takeover: 80 Million XRP Absorbed in 24 Hours
The market is witnessing a historic institutional capital injection into XRP. On Monday, November 24, all four active spot XRP ETFs including Canary Capital, Bitwise, Grayscale ($GXRP), and Franklin Templeton ($XRPZ) executed a massive coordinated purchase.
- •Massive Inflows: The funds moved over $85 million in trading volume and accumulated a combined total of 79,160,001 XRP in one day.
- •Rapid Scale: Bitwise CEO Hunter Horsley confirmed that his fund alone received roughly $18 million in fresh inflows on Monday, pushing their three-day total to $135 million.
- •Analyst Projection: Analyst Chad Steingraber projected that if this pace were maintained, the ETFs would absorb 1.6 billion XRP per month and over 19 billion XRP in a single year, highlighting the massive scale of the demand shock now hitting the market.
The Billion-Dollar Warning
The current figures, strong as they are, are just the beginning. Steingraber warns that traders need to prepare for exponential growth in these inflows.
- •10X Volume Incoming: The analyst points out that the 80 million XRP inflow occurred on a mere $85 million in volume. He predicts the market will soon see multiple "Billion dollar days," which would represent an inflow volume more than 10 times the current figures.
- •Confirmation of Thesis: Steingraber views this initial ETF performance as the powerful confirmation of his long-term thesis, arguing that the market structure is finally aligning with institutional expectations.
Final Verdict: The Price Tsunami Is Coming
The analysis confirms that the regulatory clearance and the subsequent launch of multiple spot ETFs have initiated a structured, aggressive accumulation phase by Wall Street. While the daily accumulation rate may fluctuate—Tuesday saw a dip to 16 million XRP—the key takeaway is the sheer volume of tokens being removed from the open market. This systemic institutional demand is building a pressure cooker that, if sustained, will inevitably lead to a supply shock, making higher price targets a mathematical inevitability rather than mere speculation.
Important Disclaimer
This analysis is for informational and educational purposes only and is based on analyst predictions and market data. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any security or cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions.