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Crypto bearishImpact 6/10

XRP aims for $0.90 as ETF demand battles selling pressure from whales

CryptoSlate·
XRP aims for $0.90 as ETF demand battles selling pressure from whales
AI Analysis

XRP has dropped to $1.11, marking a 17% decline since June, driven by significant selling pressure from whales. Despite this downturn, the asset experienced its highest ETF inflow of the year in May, totaling $131.94 million. The current market dynamics suggest a potential struggle for XRP to maintain its value, aiming for a support level at $0.90. This situation highlights the ongoing battle between institutional demand and whale selling activities.

Key Takeaways

  • XRP's price fell 17% since June's start.
  • May saw record ETF inflows of $131.94 million.
  • Whale selling pressure poses risks to XRP's stability.

Key Topics

XRPETFswhales

Originally reported by CryptoSlate. Read the full article ↗

XRP aims for $0.90 as ETF demand battles selling pressure from whales | AI Crypto Daily Wire