XRP Sees $10.6 Million Inflow Anomaly Just as Ripple Nears Banking License
In a week where billion-dollar flows into crypto investment products dominated, XRP quietly pulled off something unusual — registering exactly $10.6 million in inflows for the second week in a row. That may seem low compared to the likes of Bitcoin's $790 million or Ethereum's $226 million, but the accuracy is actually quite unusual.
CoinShares reported that digital asset products pulled in $1.04 billion in new capital last week, pushing the market to its 12th straight week of inflows and a new record of $188 billion in total assets under management. But even with all the other numbers, XRP's weekly flow figure was like a fixed landmark on a constantly changing chart.
The timing of the anomaly is not random. According to the latest Wall Street reports, Ripple applied for a national banking license from the U.S. Office of the Comptroller of the Currency to directly oversee its upcoming stablecoin, RLUSD. CoinShares">
Its affiliate, Standard Custody & Trust, is also seeking access to a Federal Reserve master account, which would allow RLUSD to be issued and redeemed around the clock.
It looks like Ripple is not just following the current rules but rather trying to completely change the game.
XRP's play is different, and the repeated inflow of $10.6 million could be less a coincidence and more a strategic build-up by investors betting on Ripple's shift from being a payments company to a full-fledged financial infrastructure.
Do not forget that XRP's ETF odds recently shot up to 95%, so that is another "coin" for the pro-XRP piggy bank.