Ripple’s XRP is drawing renewed interest from traders as both technical indicators and on-chain fundamentals align near critical support levels. A fresh TD Sequential “9” buy signal on the weekly chart suggests XRP may be primed for a short-term rebound, supported by rising ETF inflows and continued whale accumulation. With $2.00 acting as a strong psychological and structural support zone, market participants are now watching whether XRP can stabilize above $2.10 and move toward the $2.30–$2.40 range.

TD Sequential Points to Potential Upside Shift

XRP recently printed a TD Sequential “9” buy signal near $2.09, appearing shortly after a 9.5% pullback from local highs around $2.20. According to analyst Ali Martinez, this indicator has historically been reliable for XRP during 2025, often signaling exhaustion in ongoing trends and preceding meaningful reversals.

The token is currently trading between $2.05 and $2.15, and analysts note that traders should wait for confirmation through price strength and rising volume before assuming a sustained rally. While the TD Sequential offers structural insight, Martinez emphasizes that it should not be treated as a direct forecast. Market context — including support, resistance, and liquidity — remains key to interpreting the signal.

If XRP manages to consolidate above $2.10, the charts suggest a probable retest of mid-channel resistance at $2.30–$2.40. A breakout beyond this range could attract momentum traders looking to capitalize on renewed upward pressure within the token’s channel structure.

Institutional Interest Continues to Build

Institutional inflows are reinforcing XRP’s support zone. According to WhaleInsider, XRP ETFs recorded $12.84 million in inflows on December 5, marking 13 straight days of positive contributions. Total ETF AUM has now reached approximately $881 million, surpassing early inflow trends seen in Bitcoin and Ethereum ETFs during their initial phases.

Whale accumulation is also notable between $1.80 and $2.00, forming a strong cluster of on-chain demand. These buying zones often serve as buffers during market pullbacks, further strengthening the likelihood that XRP can defend its current support levels.

Still, analysts caution that broader macro trends — particularly regulatory decisions, liquidity shifts, and sentiment — could influence short-term price action. Sustained consolidation above $2.00, combined with a daily close above $2.10, would improve the odds of a move toward $2.30–$2.40.

XRP Approaches a Decision Point

With technical indicators flashing optimism and institutional players adding to positions, XRP is nearing a decisive moment. Should the market maintain support above $2.10, the path toward $2.40 becomes increasingly realistic. Traders are advised to monitor volume, channel boundaries, and on-chain positioning while maintaining disciplined risk management in this volatile environment.

Grayscale’s new GLNK product debuted with $64 million in assets under management, raising $42 million on day one and offering institutions regulated, custody-free access to Chainlink’s LINK token.

Grayscale Investments has launched the Chainlink exchange-traded product GLNK, which began trading on NYSE Arca and opened with $64 million in assets under management, including $42 million of inflows on its first day. The physically backed ETP holds LINK tokens directly and is designed to give institutional and brokerage-channel investors exposure to Chainlink without the need to manage wallets or private keys.

Institutional Access, Simplified Custody

GLNK provides a familiar, regulated route for institutions that want LINK exposure through traditional brokerage accounts. By holding LINK on behalf of investors, Grayscale eliminates the operational burdens of self-custody—an important consideration for asset managers and fiduciaries that face strict custody and compliance requirements.

Michael Sonnenshein, CEO of Grayscale Investments, framed GLNK as a bridge between institutional capital and Chainlink’s on-chain infrastructure, describing the product as a first-of-its-kind U.S. ETP to hold LINK directly.

Market Effects and Early Metrics

The product’s debut quickly affected market activity. Reporting indicates a 180% rise in LINK trading volume around the launch and a roughly 6% price uptick amid otherwise tepid market conditions. Early inflows mirror patterns seen when other regulated products—most notably Bitcoin ETFs—attracted concentrated institutional capital and shifted price-discovery dynamics.

Analysts suggest GLNK may gradually tilt LINK’s liquidity and price sensitivity toward institutional flows rather than purely on-chain demand. If historical precedents hold, large, sustained inflows into a regulated product can become a dominant price driver independent of token utility metrics.

What Comes Next

Market watchers will be tracking sustained AUM growth, redemption behavior, and whether GLNK draws capital away from on-chain liquidity pools. The ETP’s performance, and how quickly it attracts capital beyond the initial surge, will determine its longer-term impact on LINK’s market structure and price formation.

The crypto market continues to hold its momentum, with global market capitalization rising to $3.09 trillion, an increase of 1.1% in the past 24 hours. Bitcoin is currently trading at $91,119, up 1.55% on the day and nearly 6% for the week. Ethereum is also showing strong performance, hitting $3,112 after gaining 1.87% in the last 24 hours and 10% over the past seven days.

In a recent interview, former BitMEX CEO Arthur Hayes said Bitcoin is entering one of the strongest bullish phases of the current cycle. According to Hayes, the macroeconomic environment in late 2025 mirrors the liquidity conditions that pushed Bitcoin sharply higher during the second half of 2023.

Debt-Ceiling Battles Continue to Shape Liquidity

Hayes explained that both in 2023 and 2025, U.S. lawmakers engaged in tense negotiations over the federal debt ceiling. During these periods, the U.S. Treasury is forced to spend down its Treasury General Account (TGA). This spending injects liquidity into the financial system, often boosting risk assets — including Bitcoin.

Once Congress approves a debt ceiling increase, however, the Treasury must rebuild the TGA by issuing new debt. That move typically pulls liquidity back out of the system, cooling off markets.

Why 2023 Fueled a Major Bitcoin Rally

In 2023, the Treasury replenished the TGA primarily through short-term Treasury bills. But the U.S. financial system had a key liquidity source at the time: the Federal Reserve’s reverse repo facility, which still held around $2.5 trillion leftover from the pandemic era.

By issuing attractive short-term debt, the Treasury drew that money back into circulation. Hayes says this $2.5 trillion liquidity wave from mid-2023 to early 2025 helped supercharge rallies across Bitcoin, equities, gold, and real estate.

2025: A New Liquidity Cycle — Without the Extra Cushion

This time around, the reverse repo pool is nearly empty. As a result, rebuilding the TGA in 2025 has instead tightened liquidity, with nearly $1 trillion drained from the system since July due to bond issuance and continued Federal Reserve quantitative tightening (QT).

That tightening contributed to Bitcoin’s retreat toward the $80,000 zone earlier this year.

The Bullish Turn: Liquidity Bottoms Out

Hayes argues that the market has now hit its liquidity floor. Key shifts include:

• The Federal Reserve has stopped quantitative tightening.
• Treasury funding pressures are easing.
• The TGA has nearly reached its target balance.
• U.S. banks are beginning to expand lending again.

Together, these shifts signal that liquidity is returning — a historically reliable catalyst for Bitcoin. Hayes believes the dip to around $80,000 marked the cycle low and expects further price appreciation as global liquidity improves.