The ETFs that are purchased directly from Ripple do not affect the price of the XRP token.
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Why isn't XRP rising despite 3 weeks of inflows? Analysts have the answer
The price of XRP has remained almost unchanged over the past week. This sideways movement shows clear uncertainty in the market. Seemingly, institutional activity looks favorable. XRP ETFs have recorded three consecutive weeks of inflows. However, beneath this positive news, hidden weakness is quietly building.
Several technical analysis signals and on-chain indicators suggest that the price of the altcoin may be closer to a collapse than it seems.
Inflows to ETFs remain positive, but institutional strength is quickly weakening.