XRP Drops 5% Amid Institutional Concerns
### SUMMARY
Payments-focused cryptocurrency XRP declined by about 5% to $1.03 last week despite gains in other major cryptocurrencies like Bitcoin and Ethereum, which each saw a 1% increase. The broader crypto market grew by 1.4%, pushing total capitalization to $2.19 trillion. Despite continued inflows into XRP exchange-traded funds (ETFs), their net capital outflows have slowed significantly—down roughly 93% week-over-week—to around $1 million, according to SoSoValue data.
Analyst Iliya Kalchev from Nexo noted that XRP’s positioning appeared “patient in its own right,” with order flow remaining large even as volume metrics turned neutral.
Written by Emily Carter
XRP Desk
