XRP extends rebound as ETF inflows and sentiment improve

Invezz
2026.05.06 08:09
portai
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XRP has shown a positive performance, rising nearly 2% to $1.42, driven by increased retail demand and a rise in the Crypto Fear & Greed Index to 50. Notably, XRP spot ETFs saw inflows of $11.5 million, significantly higher than the previous day's $3.87 million, with total inflows at $1.29 billion. The futures Open Interest also increased to $2.63 billion. Technical indicators suggest potential upward momentum, targeting resistance at $1.51, while caution remains regarding a possible bull trap if prices fall below $1.39.