Goldman Sachs is in... Will XRP break $1.90 this time?

▲ XRP, Goldman Sachs/AI-generated image ©

With Goldman Sachs' large-scale fund allocation combined with five consecutive trading days of inflows, signals are strengthening that XRP (Ripple) has entered an institution-led re-evaluation phase rather than a simple rebound.

According to investment media TradingNews on April 17 (local time), XRP traded at $1.4505, above the psychological support level of $1.40, marking an approximately 10% increase on a weekly basis. This performance surpasses Bitcoin's 4.6% and Ethereum's 6.9% gains over the same period, marking the first time this year that XRP has outperformed these two major assets weekly. The media reported that the weekly high reached around $1.47, and the market is currently directly testing a large break-even supply zone between $1.44 and $1.45.

Institutional fund inflow was cited as the key driver of this rise. According to the media, Goldman Sachs allocated a total of $153.8 million to four US XRP spot ETF products through its Q4 2025 13F filing. Approximately $40 million went to Bitwise products, $38.5 million to Franklin Templeton's XRPZ, $38 million to Grayscale's GXRP, and $36 million to 21Shares' TOXR. Considering that the top 30 institutional holdings in the US amount to approximately $211 million, Goldman Sachs alone accounted for about 73% of the total.

The overall size of the XRP spot ETF market is also growing rapidly. The total assets under management for seven XRP spot ETFs in the US expanded to $1.53 billion, with custody volume reaching 773 million XRP. Net inflows continued for five consecutive trading days, with an additional $11.87 million flowing in on April 16 alone. The media evaluated that XRP spot ETFs had no net outflows for a single day during their first month of listing and surpassed $1 billion in cumulative inflows on December 16, 2025, becoming the fastest digital asset product to reach the $1 billion mark, excluding Bitcoin ETFs. Furthermore, JPMorgan projected first-year inflows to be between $4 billion and $8.4 billion.

The derivatives market is also supporting the bullish trend. XRP futures open interest increased to $2.71 billion from $2.58 billion the previous day, with a more pronounced increase compared to $2.38 billion at the beginning of the week. Technically, it is holding above the 50-day exponential moving average (EMA) of $1.41, the Moving Average Convergence Divergence (MACD) is maintaining a bullish trend above the 0 line, and the Relative Strength Index (RSI) is around 61, indicating it is just before the overheating stage, the media analyzed. On the upside, $1.55, where the 100-day EMA is located, and then the $1.82 to $1.90 range, where the 200-day EMA is positioned, were presented as the next resistance levels.

However, the ultimate turning point is the schedule for the US cryptocurrency market structure bill, the CLARITY Act, and whether the Middle East ceasefire will be extended. The media noted that approximately 60% of the circulating supply was purchased between $1.44 and $1.45, suggesting that breaking this range is necessary for further gains to $1.55 and $1.90. Conversely, if the CLARITY Act schedule is delayed or the ceasefire falters, it could remain in the $1.35 to $1.50 box range, or in the worst case, fall back to the $1.15 to $1.30 range. TradingNews concluded that this rally shows a structurally stronger recovery signal than previous short-term rebounds, as it is the first instance where Rakuten, Kyobo Life, ETF fund inflows, and Goldman Sachs' disclosure have converged simultaneously.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.*