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Crypto

XRP Price Drops Amid Record-Breaking ETF Inflows

Guavy AI Editorial Team
Instruments
XRP
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Ripple's XRP (XRP) saw its price drop by 0.2% in the last 24 hours, but spot XRP exchange-traded funds (ETFs) continued to attract investors.

Last week, these ETFs recorded $75.59 million in net inflows, extending their positive flow streak to 11 consecutive weeks, with cumulative net inflows reaching $1.79 billion.

Veteran trader Peter Brandt said that the charts alone were enough reason to consider a bet on XRP, citing an inverse head-and-shoulders pattern forming on XRP's daily chart, which could suggest a bullish breakout is getting closer.

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