XRP Price Driven by Whale Investments, Not ETF Flows
XRP's price is being dictated by whale investments, not ETF inflows.
Despite a 72% surge in net ETF inflows from August 24 to 25, XRP's price dropped to $1.3783.
In the days leading up to the recent price increase, large wallets accumulated around 500 million tokens of XRP.
The strong rebound following an 608-day decline was eventually weakened by individual investors selling their profits.