XRP
Why XRP is up 1.3% in the last hour
Analysis
XRP rose 1.3% over the past hour as sentiment was supported by reports that XRP-related ETF products saw their strongest weekly inflows since May, signaling improved demand. CryptoPotato and U.Today both highlighted the “best week since May” for XRP ETF flows, which likely helped underpin the short-term uptick even amid broader market chop.
Contributing Factors (3)
Ripple ETFs See Best Week Since May as XRP Exploded to 7-Month High
Unlike the BTC and ETH ETF inflows, Friday was actually the best day for the XRP ETFs.
XRP Posts Best ETF Week Since May
XRP has recorded the largest weekly inflow its ETF market has recorded since May after its price rallied by nearly 60% during the period.
BTC, ETH, XRP Tumble as Wintermute Builds Heavy Short Positions
Nearly $100 million in longs were wrecked in the past hour.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.