CandleFocus XRP Rockets 800% in Fund Flows as XRP Price Goes Parabolic
2024-09-30
Author: Content Editor
The weekly digital asset fund flows report from CoinShares reveals that XRP-focused financial vehicles experienced an 800% increase in inflows in the past week, with $800,000 being added to XRP exchange-traded products. This brings the total inflows since September to almost $2 million and since the beginning of the year to $24 million. Continuous flows into XRP ETPs are seen as a positive sign, often preceding positive price action. XRP's price has increased by over 9.21% in the past week, reaching its highest level in almost two months. Some speculate that investors are betting more on XRP due to anticipation of major news regarding the SEC v. Ripple lawsuit, with the deadline for the appeal approaching on October 7.
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