XRP spot ETFs recorded $28.14M in net inflows on Aug 26, marking their strongest single day in more than seven months 📊
Despite the inflows, the Bitwise XRP ETF fell 4.1% on Aug 28, while XRP traded around $1.40-$1.46 📉
More than $20M in leveraged long positions were liquidated, adding significant forced selling pressure to the market ⚠️
The $28M inflow remains modest compared with roughly $1.62B in cumulative XRP ETF inflows since launch 💰
The data also cannot confirm whether the buyers were retail investors, advisers or institutions, limiting the strength of the bullish signal.
A sustainable recovery would require consistent multi-week ETF inflows, stronger spot volumes and XRP reclaiming the $1.66 level 📈
The Bitwise XRP ETF remains down 20.52% year to date and 27.38% over one year, despite a strong recent rally.
Today's Pill - a single seven-month ETF inflow record does not confirm a bottom - sustained demand and a breakout above key resistance would provide stronger evidence of a lasting trend reversal 🔄
Despite the inflows, the Bitwise XRP ETF fell 4.1% on Aug 28, while XRP traded around $1.40-$1.46 📉
More than $20M in leveraged long positions were liquidated, adding significant forced selling pressure to the market ⚠️
The $28M inflow remains modest compared with roughly $1.62B in cumulative XRP ETF inflows since launch 💰
The data also cannot confirm whether the buyers were retail investors, advisers or institutions, limiting the strength of the bullish signal.
A sustainable recovery would require consistent multi-week ETF inflows, stronger spot volumes and XRP reclaiming the $1.66 level 📈
The Bitwise XRP ETF remains down 20.52% year to date and 27.38% over one year, despite a strong recent rally.
Today's Pill - a single seven-month ETF inflow record does not confirm a bottom - sustained demand and a breakout above key resistance would provide stronger evidence of a lasting trend reversal 🔄