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Ripple ETFs Record Best Week Since December: So Why Is XRP Still Failing?


Ripple ETFs Record Best Week Since December: So Why Is XRP Still Failing?

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Spot XRP ETFs attracted over $60 million in net inflows in the past week, the largest weekly inflow in several months and continuing a streak that began at the beginning of the month. However, XRP attempted a breakout but was rejected at a known resistance and fell back to its starting position, creating mixed signals for token performance, market impact and wider crypto adoption despite ETF fundraising momentum.

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The major streak that began at the beginning of the month for the spot XRP ETFs continued in the past week, as investors poured in over $60 million in net inflows for the first time in several months.

At the same time, the underlying asset tried to break out again, only to be stopped at a familiar resistance and driven south to its starting position.

Read the article at CryptoPotato

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In This News

Coins

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