XRP Surges With Promising Investment Inflows Amid Crypto Market Downturn

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Influx of funds into XRP defies crypto market recession xrp xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple $xrp

, experiencing gains of 4.8% and 1.62%, respectively. However, as expected, the dollar price of XRP followed the overall market trend and witnessed a decline.The attraction of funds to XRP is particularly noteworthy given the crypto market conjecture.

While XRP has experienced gains, other investment products oriented around digital assets have seen significant outflows. In fact, the past eight weeks have seen continuous outflows totaling a significant $417 million, with this week alone witnessing outflows of $88 million. James Butterfill, an expert from CoinShares, suggests that these outflows can be attributed to investor caution amid the uncertainty surrounding monetary policy and the possibility of interest rate rises.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines