XRP ETFs see $8.43M in inflows after breach of $1.25 — November rally ahead?
Photo: AMBCrypto
Is XRP’s undervaluation finally catching up with institutional interest? Technically, XRP was one of the hardest hit high-cap assets after the Binance hack. It lost over 6.5% of its value and fell below the key $1.25-support level. What’s more, the breakdown dragged XRP back to levels seen during mid-August, leaving STHs underwater and raising the chance of further downside. From an institutional standpoint, however, the chart below illustrates that Spot XRP ETFs had the best single-day performance since 25th September, seeing net inflows of $8.43 million on 29th October.
Source: AMBCrypto
