XRP ETFs See $8.43M Inflows As Price Drops Below $1.25

Spot XRP exchange-traded funds recorded net inflows of $8.43 million on October 29, marking the best single-day performance for the products since September 25. This inflow occurred while the XRP price fell below the key $1.25 support level, a breakdown that dragged the asset back to price levels last seen in mid-August. XRP was among the hardest-hit high-cap assets following the Binance hack, losing over 6.5% of its value in the process. The drop below the $1.25 threshold left short-term holders underwater and increased the likelihood of further downside pressure.

Also reported by AMBCrypto.

Source: The Currency Analytics