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⛓️ Crypto⚪ NeutralImportance 6/10
XRP rallies as ledger activity surges — even as ETFs suffer over $50 million in outflows
🤖AI Summary
XRP surged nearly 10% over the past week, reaching a monthly high of $1.60, driven by increased ledger activity. This rally occurred despite XRP-related ETFs experiencing their largest monthly outflows of the year, totaling over $50 million.
Key Takeaways
- →XRP gained nearly 10% in the past week, hitting a monthly high of $1.60.
- →The rally was driven by surging activity on the XRP ledger network.
- →XRP ETFs suffered their steepest monthly outflows of 2024, exceeding $50 million.
- →Retail interest appears to be diverging from institutional investment flows.
- →The price has since pulled back and stabilized after reaching the monthly peak.
Read Original →via CryptoSlate
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