XRP ETFs Streak Continues Amid Warning Signs of Slowing Inflows
The spot XRP ETFs have ended in the green for eight consecutive weeks, attracting nearly $19 million in inflows. However, last week's figure was significantly lower than the previous one, sparking some concern.
Despite this, the cumulative total net inflows hit another all-time high of $1.68 billion. On Wednesday, however, withdrawals dominated with $7.20 million taken out, breaking a near-one-month streak of consecutive green weeks.
The return to red days was short-lived, as $6.14 million entered the funds on Thursday, but Friday saw no inflows or outflows reported, raising worries about actual demand. The spot XRP price defended its key support at $1.40, despite falling below it last weekend and reaching a low of $1.33.
Analysts remain bullish on XRP's performance, with some predicting price targets of up to $60 for the culmination of the bull market.