Crypto
XRP ETFs Extend Winning Streak Amid Market Fragility
XRP-related exchange-traded funds (ETFs) have continued to show resilience in the market, recording their fourth consecutive week of gains. This trend contrasts with more cautious signals that have emerged recently.
July saw net inflows totaling $27.29 million for XRP ETFs, but August has started off slowly, with only about $1 million in inflows. The token's price has retreated to $1.02, close to the key support level of $1.
The divergence between XRP's price and its related ETFs' performance is notable, as some analysts suggest that holding above $1 could favor a marked reversal. A reclaim of $1.05 would strengthen this scenario, while others have projected a target of $50 during the next bullish phase.