XRP Prices Tumble After 11-Day ETF Inflow Streak

XRP's price has been on a downward trend since its recent peak in August. The token fell to $1.34 on Wednesday, after a 72% rally that lifted it from $1.00 to $1.70. Profit-taking and deteriorating risk sentiment weighed heavily on XRP.

Despite this correction, continued inflows into spot XRP exchange-traded funds (ETFs) suggest that underlying demand has not disappeared. According to CoinGlass, spot XRP ETFs recorded $14.38 million in net inflows on Tuesday, up from nearly $6 million during the previous session.

The 11-day streak of positive flow into these products extended its streak to 11 consecutive trading days. Cumulative inflows now total $1.68 billion, while the funds hold approximately $1.44 billion in net assets.