XRP News: Market Caution Leads to Outflows Despite XRP’s Altcoin Inflow Leadership
| Download App for Android | Download App for iOS |
| Start Trading XRP on BTCC Today! <<<< | |
XRP Leads Altcoin Inflows Amid Surging Investor Interest
Investors pulled $508 million from digital asset investment products last week, pushing two-week outflows to $924 million. This reversal comes after an 18-week period of inflows totaling $29 billion. CoinShares attributed the decline to market caution following the US Presidential inauguration, with concerns over trade tariffs, inflation, and monetary policies unsettling investors. During this period, trading activity weakened, with turnover plunging from $22 billion to $13 billion. Despite the overall outflow, XRP experienced significant inflows of $38.3 million. Bitcoin, on the other hand, saw significant outflows of $571 million as it remained the main focus for investors, with some traders increasing their bearish bets on short-Bitcoin products.
Ripple (XRP) Price Predictions for This Week
XRP’s price has dropped by 8% in the past 24 hours, approaching $2.2. The market momentum has turned bearish, and the price could test the key support at $2 in the coming days. Sellers have dominated the volume profile in the past two weeks, pushing the price lower. However, the key support at $2 remains intact, providing an opportunity for buyers to return if sellers attempt to break it. Additionally, the weekly MACD is flashing a major bearish cross, which could lead to a continuation of the current downtrend if confirmed at the end of this week.
XRP Price Struggles Below $2.2—What’s Next for the Week Ahead?
XRP price prediction shows a concerning trend as the cryptocurrency dropped to $2.2 amid bearish market sentiment. Technical indicators suggest further downside potential unless buyers step in at critical support levels. Market volatility and blockchain scalability concerns remain key factors influencing XRP’s performance this week. Within the last 24 hours, XRP’s price has plummeted by 8%.
Ripple (XRP) Declines Amid SEC Lawsuit Speculation
Ripple’s XRP has dropped by 16% over the past week, currently trading around $2.17. This decline is part of a broader market downturn, where Bitcoin (BTC) fell below $90,000. The long-running lawsuit between Ripple and the SEC appears to be nearing a potential settlement, as recent developments indicate a shift in the regulator’s approach.
