XRP Stalls Near $1 Despite Growing Demand from Institutional Investors
XRP's price has remained stubbornly near $1 despite increasing interest from institutional investors and derivatives traders.
The token has struggled to move decisively above this level, but recent data points to growing demand for regulated investment products. Spot ETF inflows reached approximately $2.25 million last week, while Bitcoin and Ethereum investment products experienced net outflows.
This divergence is significant because XRP's price has remained flat despite the continued interest in regulated investment products.
The derivatives market also suggests increasing participation in XRP, with open interest climbing to around $865 million. However, this does not necessarily indicate a bullish or bearish trend, as it can be influenced by various factors such as leverage and position sizing.