XRP ETFs End Week in Green, But Actual Asset Suffers Price Decline
Ripple's XRP ETFs have shown surprising resilience in recent times, despite the underlying asset's decline in value. According to CryptoRank, these funds managed to end the week in the green, but only one day saw significant action.
This is a recurring pattern that has emerged several times before, and it highlights the disconnect between the performance of the XRP ETFs and the price of the actual asset. Despite this, the underlying asset continues to struggle, with its price dipping below $1.00 for the first time in nearly two years.
The 24-hour spot volume for XRP was reported at $10.67 billion, a decrease of 1.96%. The market capitalization stands at $2.23 trillion, down by 0.40% from the previous day.