$5.98M XRP ETF Inflows Fail to Revive Price as Charts Point Lower

XRP ETFs saw significant inflows on Thursday, with $5.98 million entering the market. Despite this, the charts for XRP continue to point lower.

CryptoQuant analyst Darkfost noted that XRP inflows to Binance have hit an all-time low, averaging just 3.6 million XRP per month. This has led some to believe that a floor is building in the market.

Darkfost emphasized that while the absence of selling pressure can be a positive sign, it's not enough on its own to signal a sustainable bullish trend. A genuine rebound in demand would still be needed for XRP to truly recover.