Crypto▼ bearishImpact 6/10
XRP aims for $0.90 as ETF demand battles selling pressure from whales
CryptoSlate·

✦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 ↗