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Ripple-linked XRP sinks 7% to four-month lows
Key takeaways
- ETF products continue pulling in fresh inflows and exchange balances keep shrinking, yet price has fallen back to levels last seen in February.
- • XRP marked its 14th anniversary this week, commemorating the 2012 genesis event that created the network's 100 billion token supply.
- • XRP investment products recorded $20.3 million in weekly inflows even as digital asset funds broadly suffered $1.5 billion in outflows.
ETF products continue pulling in fresh inflows and exchange balances keep shrinking, yet price has fallen back to levels last seen in February. When a market stops responding to bullish developments, traders tend to focus less on the story and more on where the next support level sits.
• XRP marked its 14th anniversary this week, commemorating the 2012 genesis event that created the network's 100 billion token supply.
• XRP investment products recorded $20.3 million in weekly inflows even as digital asset funds broadly suffered $1.5 billion in outflows.
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