The crypto investment products have witnessed $3.3 billion in inflow this week, and a massive XRP inflow crash. The popular cryptocurrency has faced a $37.2M outflow, whereas its competitors have taken the lead in inflows, raising suspicion on some underlying issues. Meanwhile, the XRP price also struggled on the chart. So, let’s discuss the key reasons behind this downfall. XRP Inflows Crash While SOL, ADA Gains Momentum According to the CoinShares report, the crypto investment products are witnessing high inflows, $3.3 billion weekly and $10.8 billion over 6 weeks. In the period, the AUM event hit $187.5 billion briefly before declining, led by the Bitcoin price rally to an ATH. However, XRP inflows lost momentum this week, witnessing a $37.2 million crash, the worst weekly performance. Interestingly, this change wasn’t new, as the XRP downtrend has been going on for nearly a month, with $28.6M outflows to date. As a… Read More at Coingape.com
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