XRP struggled this week, losing nearly a quarter of its value from its year-to-date highs even as newly launched exchange-traded funds (ETFs) attracted strong inflows.<\/p>\n\n\n\n
On September 27, XRP was trading at $2.77<\/strong>, down from its all-time high of $3.65. The drop mirrors broader weakness across the crypto market, with Bitcoin and Ethereum also pulling back on the back of Federal Reserve uncertainty<\/strong> and a wave of leveraged liquidations.<\/p>\n\n\n\n Yet, even as the token fell, investor appetite for XRP-linked ETFs remained robust. The recently launched spot XRP ETF<\/strong> has already attracted over $71 million in inflows<\/strong>, according to data from ETF.com.<\/p>\n\n\n\n Most of that came in a single day Thursday when investors poured in $36 million<\/strong>. The fund now holds over $66 million in assets, a notable achievement for a smaller issuer charging a 0.75% expense ratio.<\/p>\n\n\n\n Other XRP products are also seeing growth. The Teucrium 2x XRP ETF (XXRP)<\/strong> has posted steady weekly inflows since launch, building its assets under management to $383 million<\/strong>. Analysts believe larger players like Franklin Templeton and Invesco could see even bigger demand, thanks to their lower fees. JPMorgan estimates these spot ETFs could attract over $8 billion in their first year<\/strong>.<\/p>\n\n\n\n Despite the recent drop, the XRP chart is flashing several bullish signals:<\/p>\n\n\n\n If these patterns play out, XRP could mount a recovery toward its year-to-date high of $3.66<\/strong>.<\/p>\n\n\n\n XRP\u2019s price may be down 25% from its highs, but institutional demand through ETFs shows growing confidence in the asset. With strong inflows and bullish technical structures forming, XRP could be poised for a rebound provided it can hold above its key support levels.<\/p>\n","protected":false},"excerpt":{"rendered":" XRP struggled this week, losing nearly a quarter of its value from its year-to-date highs even as newly launched exchange-traded funds (ETFs) attracted strong inflows. XRP slides despite ETF demand On September 27, XRP was trading at $2.77, down from its all-time high of $3.65. The drop mirrors broader weakness across the crypto market, with…<\/p>\n","protected":false},"author":3,"featured_media":11656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,281,321],"class_list":["post-11655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-price-analysis","tag-xrp"],"yoast_head":"\nTechnicals point to possible rebound<\/h3>\n\n\n\n
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Bottom line<\/h3>\n\n\n\n