Ripple (CRYPTO: XRP) climbed for three consecutive days, extending a modest recovery that began Thursday after the token dropped to an important support level. This rebound may be the start of a comeback as third-party data points to increased accumulation by smart money investors.
XRP ETF Inflows are Accelerating
There are signs that smart money investors are accumulating XRP tokens, a sign that they expect it to rebound after being in a five-month consolidation.
SoSoValue data shows that spot XRP ETFs have diverged from their Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) peers. These funds added over $11.8 million in assets on Friday, bringing their weekly gains to $15.2 million. They added $131 million in inflows in May, their best month since their launch last year.
On the other hand, spot Bitcoin ETFs shed $2.43 billion in May, the worst monthly performance this year. Ethereum funds lost $540 million in May, the worst performance since December last year.
The ongoing buying by Wall Street investors, including Morgan Stanley (NYSE:MS) is a bullish sign as the coin …
