XRP Leads Weekly Inflows with $5.6 Million, Surpassing Bitcoin and Ethereum Amid Market Decline
Key Takeaways:
- XRP records a substantial weekly inflow of $5.6 million, outperforming Bitcoin and Ethereum.
- Positive momentum driven by SEC’s ETF acknowledgment, Ripple lawsuit updates, and Trump’s crypto reserve plan.
- Despite the ongoing market crash, investor sentiment around XRP remains strong.
XRP Outshines Top Cryptocurrencies in Weekly Inflows
While the broader crypto market continues to face significant outflows, XRP has emerged as a standout performer, attracting $5.6 million in investments. According to CoinShares’ latest report, XRP’s inflow surpasses Bitcoin and Ethereum, indicating a shift in investor confidence.
Notably, the digital asset sector has seen four consecutive weeks of outflows, with a total of $4.75 billion withdrawn so far. In the past week alone, digital investment products experienced $876 million in outflows.
Bitcoin suffered the largest setback, with $756 million in weekly outflows, followed by Ethereum, which saw $89.2 million leave the market. Short-Bitcoin products also recorded a $19.8 million outflow, suggesting that bearish sentiment may be reaching its peak. Cardano joined the list of declining assets with a $1.9 million outflow.
However, Solana led the gains with a $16.4 million inflow, closely followed by XRP. Sui also secured a notable $2 million investment, highlighting growing interest in select altcoins.
Why Is XRP Seeing Increased Investor Interest?
Several key factors have contributed to XRP’s recent surge in investment:
- SEC’s Acknowledgment of XRP ETFs – Growing speculation around a potential XRP ETF has boosted investor sentiment.
- Ripple Lawsuit Updates – Optimism surrounding a possible resolution in Ripple’s legal battle with the SEC has increased confidence in the token.
- Trump’s Crypto Reserve Proposal – The former U.S. president’s mention of XRP, along with Bitcoin, Solana, and Cardano, in his crypto reserve plans has fueled additional interest.
These developments have positioned XRP as a strong alternative for investors seeking stability and growth amid market turbulence.
Crypto Market Decline and XRP’s Performance
Despite XRP’s inflows, the broader cryptocurrency market remains in a downturn. Bitcoin has fallen below $83,000, marking a 10% weekly decline, while Ethereum has dropped 10.61%, trading at $2,123.
XRP itself is currently priced at $2.20, reflecting a 17% decline over the past week. Although the token recently hit a monthly high of $2.90, the ongoing market crash has weighed down its value.
However, XRP continues to stand out with a 121.9% surge in daily trading volume, reaching $7.69 billion. As investors await further developments on the XRP ETF and Ripple lawsuit, the token’s future trajectory remains a focal point in the crypto market.
