Ripple (CRYPTO: XRP) continued its strong downward trend last week and is hovering at its lowest level since November 2024. It has dropped in the last five consecutive weeks and is down by 70% from its highest point last year.
XRP Price Has Slipped Despite Rising ETF Inflows
The XRP token has been in a steep decline since July last year despite some bullish news. One of the top catalysts has been rising ETF inflows, a sign that US investors are accumulating.
Data shows that these ETFs have added $13 million in assets this month after adding $132 million in May. They are in the third consecutive month of inflows, with the net cumulative figure jumping to $1.44 billion. The Bitwise XRP ETF leads with $296 million, while Canary’s XRPC has $254 million.
The ongoing XRP ETF inflows is a sharp contrast to those of Bitcoin
