Ripple ETFs Hit New All-Time High But XRP Price Fails to Capitalize
Spot Ripple ETFs are seeing a major resurgence in investor interest, with cumulative net inflows surging to a new all-time high of $1.29 billion. This record was achieved after a strong performance in April, which has seen over $81.63 million in inflows, making it the best month for the funds since December. This positive momentum follows March, which was the first month to record net outflows since the ETFs launched.
Despite the bullish demand for the exchange-traded funds, the price of the underlying XRP token has failed to capitalize. The asset remains in a sideways trading pattern, consolidating between $1.20 and $1.60 for over two months. XRP is currently trading around $1.43, showing little significant price movement in response to the record ETF inflows.
