XRP holds below $1.90, weighed down by a deteriorating technical picture as the RSI edges lower.
The XRP Ledger faces a significant slump in on-chain activity, with newly created addresses averaging 3,440.
XRP whales persistently reduce risk exposure, with the value held by addresses with more than 100,000 tokens falling to $104 billion.
XRP
1.8562
-1.44%
SOL
122.39
-1.28%
Ripple (XRP) is extending its decline below $1.90 at the time of writing on Tuesday, as headwinds intensify across the crypto market. Negative market sentiment has persisted despite a surge in inflows to XRP spot Exchange Traded Funds (ETFs).
As reported, US-listed XRP ETFs posted nearly $44 million in inflows on Monday, up from approximately $13 million on Friday. The cumulative net inflow stands at $1.12 billion, and net assets at $1.25 billion