Cryptocurrency investment products attracted $224 million in fresh capital over the past week, representing a short-lived bounce following previous withdrawals. However, macroeconomic headwinds dampened enthusiasm as the week concluded.
Switzerland accounted for 70% of global crypto ETP inflows last week with XRP products contributing more than half the total.
Rakuten Wallet has enhanced crypto offerings with XRP and four more coins now available for spot trading in Japan.
XRP wallets active over the past year now average 41% losses as MVRV falls to its lowest level since November 2022 market stress.
XRP topped Ethereum in last week's crypto fund flows, posting $2.9M in inflows as ETH saw $27.5M in outflows, signaling renewed institutional interest.
Santiment said that wallets active on the XRP Ledger over the past year are down an average of 41% on their investments. The analytics firm added that this is the lowest MVRV, or Market Value to Realized Value reading, for XRP traders since the FTX crash in November 2022.
XRP sees rejection at $1.35 resistance for the 4th time— XRP price prediction warns of a drop to $1.20 as sell signals pile up in the 4-hour chart.
SBI Ripple Asia has completed its XRP Ledger token issuance platform, marking a major step toward a seamless bridging layer for faster, more integrated digital asset transactions.
Global crypto funds saw $224 million worth of net inflows last week, led by XRP products with $119.6 million, per CoinShares.
XRP's profitable supply fell to 43% as high capitulation and a bearish chart setup signaled a potential drop toward $1.10 in the coming weeks.
The cryptocurrency market is quietly undergoing a fundamental shift that is not focused on conventional altcoins like Ethereum or XRP.