\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe non-outflow streak has extended to over three weeks now.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
During a very turbulent and painful week for most exchange-traded funds tracking the largest digital assets, those following XRP\u2019s performance continued to see only green.<\/p>\n
At the same time, though, the underlying asset failed to break out and even dipped to a multi-month low before it posted a minor recovery today.<\/p>\n
The previous business week saw notable net inflows for the spot XRP ETFs of just over $22 million. This extended the weekly streak that began in May, making them three in a row now. Moreover, the last single day of more outflows than inflows, according to SoSoValue data, was on April 30.<\/p>\n
While $22 million doesn\u2019t sound as impressive as some of the previous Ripple ETF inflows, it\u2019s worth noting that it came during a week in which the funds tracking BTC and ETH bled out heavily. As reported<\/a> yesterday, the spot Bitcoin ETFs<\/a> recorded their worst trading week since late January, with over $1.25 billion leaving the funds.<\/p>\n The Ethereum ETFs saw a net withdrawal of $216 million, which was slightly less than the previous week\u2019s $255 million. Moreover, the ETH ETFs haven\u2019t seen a single day in the green since May 8.<\/p>\n In contrast, the ETFs tracking SOL gained over $15.5 million, while the two HYPE funds attracted over $72 million as the underlying asset outperformed and rocketed to a new all-time high of just over $63.<\/p>\n While the spot Ripple ETFs saw only green in the past week, XRP\u2019s price couldn\u2019t go past $1.42. After last week\u2019s rejection at $1.55, the token headed south immediately and began the new business week at $1.42. It continued its descent alongside the rest of the market and culminated<\/a> yesterday with a massive price drop to under $1.30.<\/p>\n This became its lowest price tag in over a month and a half, and meant that XRP had shed 15% of its value since the May 17 surge to $1.55. Nevertheless, it rebounded in the past 24 hours, most likely due to the positive developments on the US-Iran war front, and now sits close to $1.35.<\/p>\n Ali Martinez, though, warned that XRP has broken out of its rising trend line of a symmetrical triangle on the daily chart. He predicted<\/a> another nosedive to around $1.14 if the token fails to reclaim the $1.40 level soon.<\/p>\nXRP Price Fails to Capitalize<\/h2>\n
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