XRP ETFs Extend Winning Streak, But Warning Signs Surface

The spot exchange-traded funds (ETFs) tracking Ripple's native token XRP have recorded their fourth consecutive week in the green, but warning signs are emerging.

According to recent data, these ETFs defied the overall slump in May and June, when Bitcoin and Ethereum ETFs bled out heavily. Despite a weak start to July with over $7 million in net withdrawals, the bulls returned in the following three weeks, pouring in $6.78 million, $8.15 million, and $14.86 million, respectively.

However, this was the second-weakest month in terms of net inflows since January, with the beginning of August also showing modest inflows of just $1 million. In contrast, both Bitcoin and Ethereum ETFs attracted over $1 billion combined during the same period.

The weak ETF data failed to help XRP's price action, which dipped towards a key support level of $1.00, but analysts remain bullish on its future performance, predicting a 'strongest price reversal' if it manages to hold this support and reclaim the $1.05 level soon.