ETF Inflows Fail to Lift XRP Above 64% Gap from All-Time High
XRP has been gaining traction in the cryptocurrency market with the introduction of regulated U.S. spot ETFs, attracting institutional capital and accumulating about $1.71 billion in historical net inflows.
The funds held roughly $1.39 billion in net assets as of September 17, equivalent to about 1.7% of XRP's market value represented by the tracker.
Despite this growth, XRP remains significantly undervalued, trading near $1.33 and sitting at a whopping 64% below its all-time high of $3.65.
The gap between ETF inflows and XRP's price suggests that institutional demand may not be enough to close the gap on its own.