XRP Attracts $45.8 Million Inflows Amid Crypto Outflows

XRP remained in positive territory despite significant outflows in the broader digital asset market, which saw $454 million withdrawn. Investors pulled back from Bitcoin and Ethereum due to concerns over delayed US rate cuts.

Key Points

XRP recorded inflows of $45.8 million, even as Bitcoin faced $404.7 million in outflows and Ethereum saw $116.1 million withdrawn.
The total digital asset market experienced a four-day selling streak, erasing much of the $1.5 billion inflows from earlier in the year.
XRP drew steady interest alongside Solana ($32.8 million) and Sui ($7.6 million), indicating selective risk-taking.
US-listed spot XRP ETFs saw their first net outflow of $40.7 million on Jan. 7, ending a run of consistent inflows.
XRP's price decreased by 5% to $2.27 after WisdomTree withdrew its ETF filing; it stands at $2.03, down 2.42% according to CoinMarketCap.

Regional Outflows

The US led with $568.9 million in outflows due to rising bond yields and fading rate cut hopes.
Germany, Canada, and Switzerland recorded inflows of $58.9 million, $24.5 million, and $21 million respectively, supporting assets like XRP.
XRP maintained its appeal outside the US, reflecting targeted demand rather than broad selling.

Ripple has abandoned its IPO plans, with President Monica Long stating public funding is unnecessary for growth.