XRP ETF net assets reach $1.25 billion amid muted price action
- XRP’s price fell from $1.88 to $1.86, remaining within a range of $1.85–$1.91.
- Total ETF-held net assets for XRP increased by $8.19 million, reaching $1.25 billion.
- Trading volume spiked to about 75.3 million, which is approximately 76% above average during the session.
- Resistance was notably defended at the $1.90–$1.91 zone, indicating strong selling pressure.
- Bids near $1.86–$1.87 have consistently appeared, stabilizing the market despite selling pressure.
Institutional interest in XRP continues to grow through ETFs, reflecting a preference for regulated investment vehicles amidst improving liquidity and regulatory clarity in the crypto space.
Despite ETF inflows pushing total assets to $1.25 billion, XRP’s price remains under pressure with sellers actively defending key resistance levels around $1.90–$1.91.(Source)
