$1.13B flows into XRP ETFs – So why is price still stalling?
Despite significant institutional investment with $1.13 billion in net inflows into XRP ETFs since their November launch, XRP's price has struggled, declining 10.55% over the past month. These ETFs, including a notable offering from Franklin Templeton which now holds over 100 million XRP, have seen consistent daily inflows—a stark contrast to the outflows experienced by Bitcoin and Ethereum ETFs. Analysts point to extreme negative social media sentiment as a potential contrarian indicator, suggesting that such periods of high "FUD" have historically preceded bullish breakouts for XRP. The sustained ETF demand, despite price stagnation, signals strong long-term institutional confidence.
ambcrypto12/24 11:07
