XRP Corrections Amid Growing ETF Inflows

XRP, the remittance token, has dropped by 13% from its peak of $1.70 last week to trade around $1.48 on Monday.

This correction comes after XRP surged about 72% from $1.00 last week, in line with the broader crypto market's bullish outlook.

However, Iliya Kalchev, Nexo's Dispatch Analyst, notes that a more realistic marker to watch is not the peak of $3.65 but the 1.40-1.50 zone that XRP held earlier this year.

The token continues to attract significant ETF inflows, with US-listed XRP spot Exchange-Traded Funds seeing approximately $40 million in new investments last week, bringing cumulative inflows to $1.55 billion.