XRP ETFs Outpace BTC, ETH, and SOL Funds – Yet Ripple's Value Faces Challenges
Crypto News/Markets

XRP ETFs Outpace BTC, ETH, and SOL Funds – Yet Ripple's Value Faces Challenges

Despite a surge in XRP ETF inflows, Ripple's price continues to face downward pressure, leading to increased market volatility.

In a climate marked by global instability and shifting governmental policies, there has been a noticeable divergence in investor behavior regarding spot crypto ETFs. While investors in leading cryptocurrencies have withdrawn funds, XRP ETFs have remarkably shown considerable resilience and positive inflows.

XRP Outperforms Its Peers

Reports from SoSoValue indicate that spot Bitcoin ETFs have suffered from significant outflows recently, with a notable exception where over $560 million was deposited on February 2. Conversely, the latest data reveals that XRP ETFs saw net inflows of $19.46 million alone, surpassing the cumulative inflows of all other crypto ETFs combined yesterday.

“For the first time in over 18 months, Bitcoin has dipped below the ETF cost basis at $82,600.” Translation: This reflects how investor sentiment has shifted, as they react to fluctuating market conditions.

The influx to Ripple’s ETFs has led to a total of $1.20 billion in net inflows overall, although this amount remains slightly under the $1.26 billion peak prior to the January 29 market dip.

XRP’s Market Performance and Price Fluctuation

Recently, the trading environment remains volatile, paralleling global tensions and geopolitical shifts. XRP, for instance, displayed significant price fluctuations, falling to $1.53 before climbing to $1.63 before stabilizing at approximately $1.60. Currently, however, XRP stands down nearly 17% weekly and 25% monthly, underlining its lingering challenges in re-establishing previous highs.

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