Crypto
XRP Stuck in Bearish Trend Despite ETF Inflows
Ripple's XRP token is trading at $1.06 on Monday, stuck within a broader bearish trend despite recent inflows into XRP Exchange-Traded Funds (ETFs).
The token's technical outlook continues to deteriorate due to declining retail participation and a lack of appetite for risk assets, as reflected in the Fear & Greed Index at 28, placing it firmly within the 'Fear' territory.
Crypto ETF demand has strengthened with XRP spot ETFs attracting inflows totaling $14.86 million last week, while cumulative inflows climbed to $1.51 billion. However, this uptick in institutional interest may not be enough to propel XRP out of its bearish trend.