Wall Street Storms Ripple In Explosive $500 Million Deal

Ripple has successfully raised $500 million in a funding round led by major Wall Street firms, including Citadel Securities and Fortress Investment Group, resulting in a valuation of approximately $40 billion. This investment is seen as a significant indicator of traditional finance's growing interest in the XRP ecosystem.

Crypto analyst Cryptollica has identified a potential breakout phase for XRP, suggesting that the altcoin may be mirroring the structural pattern observed before its significant rally in 2017. Current price action is centered around $1.95, with targets projected between $9 and $13, as XRP trades at approximately $2.0892. This analysis is based on a long-range log chart from Binance, outlining mirrored cycles from 2014-2017 and 2021-2025.

XRP has entered a compression zone amid rising institutional demand and stagnant price action, with recent ETF inflows exceeding $756 million over 11 days, indicating a potential trend reversal. This situation has traders speculating on a significant price movement ahead.

Wall Street's leading Bitcoin bulls have adjusted their near-term price targets downward due to a decline in corporate demand and ETF outflows, indicating a slowdown in Bitcoin's market momentum. Despite this, long-term sentiment towards Bitcoin remains optimistic among some investors.

XRP has seen record-breaking inflows into its exchange-traded funds (ETFs), with a significant surge in institutional interest, despite the cryptocurrency's price remaining stable between $2 and $2.12. This trend indicates a growing appetite for XRP among both retail and institutional investors, as the market gradually turns bullish.

XRP Spot ETFs have reached a significant milestone, nearing $1 billion in assets under management (AUM) in under four weeks since their launch, according to Ripple's CEO, Brad Garlinghouse. The total net assets across four XRP ETF products currently stand at approximately $1.23 billion, with a recent inflow of $30 million reported on December 8, bringing cumulative net inflows close to $935 million.

Ripple CEO Brad Garlinghouse highlighted the success of XRP's exchange-traded funds (ETFs), which have garnered over $1 billion in institutional support, showcasing a significant inflow trend that reflects growing confidence in the cryptocurrency market. This achievement follows a series of positive inflows, with XRP ETFs experiencing a remarkable streak of nearly $1 billion in just over a week.

Ripple's recent $500 million share sale has elevated its valuation to $40 billion, attracting institutional investors despite ongoing volatility in the cryptocurrency market. This surge in valuation reflects a significant financial maneuver by Ripple amidst fluctuating market conditions.