Rising Above The Ashes: XRP ETFs Set New Record Despite Market Crash
Despite a major outflow just a day earlier, Spot XRP ETFs have defied bearish sentiment,
XRP Price Continues Slide Amid Market Uncertainty
While XRP ETFs are recovering from recent outflows, the cryptocurrency’s price continues to decline, extending its losses from earlier this year. According to CoinMarketCap, XRP has dropped by more than 11% over the past week and a little over 3% in the last 24 hours. Following this decline, its price now sits around $1.69, representing a more than 15% fall from its $2 level seen just a few weeks ago.
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XRP’s daily trading volume is also down by more than 26.6% at the time of writing, indicating a potential decline in trader confidence and growing uncertainty in the market. Supporting this trend, XRP’s Fear and Greed Index has fallen into the “Fear” zone. The broader crypto market is showing similar weakness, with the index signaling extreme fear across major digital assets.
Featured image from Unsplash, chart from TradingView
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