XRP Tumbles Amid Broad Market Risk-Off and Weakening ETF Flows
XRP's recent price drop of 3.47% can be attributed to a combination of factors, including broad market risk-off and weakening ETF flows.
Over the last 24 hours, the total crypto market cap declined by 2.46%, with BTC dominance remaining stable at around 58.6%
XRP specifically fell 4.39% over 24 hours, from approximately $1.11 to $1.06, which is slightly weaker than the overall market but still in line with altcoins under pressure.
ETF flows have cooled, with weekly net spot XRP ETF inflows falling to their lowest level since April, contributing to a bearish technical setup around the 1.10-1.15 dollar band.