XRP Price Stalls Despite Huge Weekly ETF Net Inflows

Share

XRP price remains stagnant around $1.10 despite record inflows into ETFs. XRP spot ETFs recorded $8.15 million in net inflows for the week of July 20-24, led by Franklin Templeton (XRPZ) at $5.66 million and Bitwise at $2.49 million. Total ETF assets now stand at $997 million with cumulative historical inflows reaching $1.49 billion. XRP’s market capitalization is $69.1 billion, limiting the impact of weekly inflows of $8 million on price movement. The tight range between $1.10 and $1.11 defines the current market, with only a 1.2 percent weekly gain.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles