XRP Price Drops Below $1.40 Amid Broader Crypto Market Fragility
Ripple's price has dropped below $1.40, echoing the broader cryptocurrency market's fragile outlook. Large-volume investors have increased their exposure to XRP, while addresses holding between 100K and 1M tokens account for 9.4% of the total supply.
The institutional demand through US-listed ETFs has risen, with inflows reaching $12 million on Wednesday. This growth in capital inflows indicates sustained interest in XRP despite its recent price decline.