Ripple ETFs Bleed Out Weekly as XRP Was Rejected at $1.45
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US spot Ripple (XRP) ETFs started the week positively but ended with significant net outflows, registering the first red week since late January, indicating weaker ETF demand and fundraising headwinds for XRP exposure. XRP's breakout attempt was capped at $1.45 and the token has slipped below a key support level, raising downside risk to price action and short-term market outlook for crypto, with potential negative impact on liquidity and adoption trends.
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Although the week began on a more positive note for the spot Ripple (XRP) ETFs in the US, it ended with more significant outflows, making it a red one – the first since late January.
At the same time, the underlying asset’s attempted breakout was short-lived, as it was stopped at $1.45 and now sits below a crucial support level.
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Ripple News and XRP Price Update Today: June 4
