XRP Price Remains Under Pressure Despite Rising ETF Inflows

The price of XRP remains at $1.0 as it continues to trade within a bearish trend, despite recent inflows into Ripple-linked ETFs.

Retail demand for the cryptocurrency is under pressure, with perpetual futures open interest declining by 4.6% in the last 24 hours, signaling fading speculative interest and reduced investor appetite.

The Crypto Fear & Greed Index stands at 36, placing the market within the 'Fear' territory, indicating subdued demand for risk assets.

The recent attack on Coldcard hardware wallets has also affected broader cryptocurrency sentiment, with reports of a firmware vulnerability that led to the loss of approximately 1,367 BTC valued at around $89 million.