🚨 XRP DROPS NEARLY 5% — WHY IS THE PRICE FALLING?
XRP is under pressure despite continued institutional interest, with the token falling nearly 5% over 24 hours while U.S. spot XRP ETFs recorded $3.14M in net inflows on October 6.
🔑 Key Points:
• XRP fell nearly 5% in 24 hours
• Spot XRP ETFs recorded $3.14M net inflows
• XRP was trading around $1.42–$1.43
• Broader crypto markets also moved lower
• Brent crude remained above $100
• U.S. 10Y Treasury yield climbed to around 5.28%
• A stronger U.S. dollar added pressure to risk assets
📊 Market Insight:
XRP’s decline shows that positive ETF flows alone are not enough to offset broader macro pressure. Higher oil prices, Treasury yields and a stronger dollar are weighing on risk assets across crypto.
🪙 Asset to Watch: XRP
#XRP #Ripple #crypto #xrpetf #CryptoMarkets $XRP $CL $BZ
XRP is under pressure despite continued institutional interest, with the token falling nearly 5% over 24 hours while U.S. spot XRP ETFs recorded $3.14M in net inflows on October 6.
🔑 Key Points:
• XRP fell nearly 5% in 24 hours
• Spot XRP ETFs recorded $3.14M net inflows
• XRP was trading around $1.42–$1.43
• Broader crypto markets also moved lower
• Brent crude remained above $100
• U.S. 10Y Treasury yield climbed to around 5.28%
• A stronger U.S. dollar added pressure to risk assets
📊 Market Insight:
XRP’s decline shows that positive ETF flows alone are not enough to offset broader macro pressure. Higher oil prices, Treasury yields and a stronger dollar are weighing on risk assets across crypto.
🪙 Asset to Watch: XRP
#XRP #Ripple #crypto #xrpetf #CryptoMarkets $XRP $CL $BZ
