XRP Price Plummets 7% Amid Liquidity Risk

XRP's price has taken a hit this week, plummeting by 7% and trading at $1.41. The cryptocurrency failed to reclaim its $1.45 zone after rejecting at the $1.70 0.236 Fib level last week.

ETF inflows have reached $37.69 million in just two trading days, nearly matching last week's total of $39.78 million. This influx of capital into the broader crypto market may be a positive sign for XRP, but it hasn't been enough to boost its price.

Wednesday saw significant liquidations, with $16.23 million lost by longs. This is the opposite of what happened last week when XRP surged to $1.70 due to a squeeze on shorts.