Crypto
XRP Price Rises Amid Contrasting Chart and ETF Flows
XRP's price surged by 3% to $1.33 on September 17, marking an intriguing contrast between its chart performance and exchange-traded fund (ETF) flows.
This week marked a rare instance where the chart and ETF tape told opposite stories, with XRP's spot funds shedding 3.97 million XRP on the same day that Bitcoin spot ETFs took in a net 2,090 BTC, their first positive session after three consecutive days of outflows.
The flow leadership flipped alongside this shift, with Ethereum funds staying negative but bleeding less, with 16,260 ETH out versus 93,490 ETH on the previous day.