XRP ETFs Attract $756M as Price Slides Toward $2, Meme Traders Rotate Into Maxi Doge

The Fusaka upgrade for Ethereum (ETH) has been successfully implemented, leading to a notable increase in its price, which has risen above the $3,200 mark. This upgrade, aimed at enhancing network performance and scalability, has reignited interest among traders and analysts, who are now eyeing a potential price target of $3,500.

Spot XRP exchange-traded funds (ETFs) have achieved a remarkable inflow streak, nearing $1 billion after 13 consecutive days of inflows, reflecting a significant surge in institutional interest in XRP. This trend highlights the growing acceptance and demand for cryptocurrency investment products.

XRP has reached a yearly high in on-chain velocity, indicating a surge in network activity as it rebounds to the $2.10 level amidst a recovering cryptocurrency market. This uptick in velocity, reported by CryptoOnchain, reflects increased economic activity and liquidity on the XRP Ledger, marking a significant moment for the cryptocurrency.

Dogecoin's price action is tightening, indicating a potential breakout as market sentiment shifts positively. Recent trading sessions have seen an 8% price increase, pushing DOGE to around $0.15, with a significant rise in trading volume driven by retail investors.

Ether exchange-traded funds (ETFs) have led the market with a significant inflow of $140 million, while Bitcoin and Solana have experienced declines in value. This shift indicates a growing investor interest in Ether amidst a fluctuating cryptocurrency landscape.

Ripple has announced the closure of a $1 billion buyout of GTreasury, coinciding with a notable stall in the XRP price rally, which has fallen from a weekly high of $2.2245 to approximately $2.13, remaining significantly below its year-to-date peak of $3.6680.

AltPlus, a publicly listed Japanese company, has announced its plan to incorporate Bitcoin and XRP into its long-term treasury strategy, marking a significant shift in its financial framework. This decision was disclosed in a recent shareholder filing, which outlines a multi-layered approach to integrating these digital assets into its operations.

U.S. spot XRP exchange-traded funds (ETFs) have recorded a net inflow of $50.27 million on December 3, extending their inflow streak to 13 consecutive days and bringing the total to $874.28 million. This surge reflects increasing institutional interest in XRP as a viable investment option.