XRP Records $3.4 Million Inflows Amid $795 Million Crypto Fund Outflows
Last week, Ripple Labs' linked coin XRP was the only major digital asset to record institutional inflows, totaling $3.4 million. In contrast, the broader crypto market experienced outflows of $795 million.
XRP Defies Market Trends
- XRP's year-to-date inflows reached $176 million despite a general bearish sentiment in the crypto market.
- Overall assets under management in crypto funds rose to $883 million following a price rebound for XRP.
- Market conditions remain fragile due to renewed tariff tensions between the U.S. and China.
- Technical analysis indicates XRP may reach $2.40, with key resistance at $2.22.
Other Major Cryptos See Outflows
- Bitcoin faced the largest withdrawals, totaling $751 million last week and $890 million month-to-date.
- Ethereum saw $37.6 million in outflows, bringing its monthly losses to $89.1 million.
- Solana, Sui, Litecoin, and Cardano also recorded outflows ranging from $0.3 million to $5.1 million.
- Short Bitcoin products experienced $4.6 million in outflows; multi-asset products had modest inflows of $1.1 million.
XRP's inflows signal a potential shift in institutional interest amid caution in the market. Recent on-chain activity includes Ripple Labs moving 200 million XRP, attracting community attention.