XRP Slips Below $1.40 Amid Plunging ETF Inflows
XRP dropped below $1.40 following a 94 percent plunge in ETF inflows and a surge in exchange transfers, according to BigGo Finance.
Ripple's XRP fell below the $1.40 threshold amidst a sharp decline in institutional interest and increased exchange activity, according to BigGo Finance. Market data highlighted a 94 percent drop in exchange-traded fund inflows alongside a noticeable surge in token transfers to centralized exchanges.
Market Pressure
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The simultaneous drop in inflows and spike in exchange transfers indicate heightened selling pressure and shifting sentiment among market participants holding the asset.
Key facts
- XRP slipped below the $1.40 price level
- ETF inflows plunged by 94 percent
- Exchange transfers experienced a surge
Source: news.google.com
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