🪙 Price $XRP fell to $1.06 amid pressure from ETF outflows
📌 As of November 11, XRP had fallen more than 3% over the past 24 hours, trading around $1.06. During the session, it hit a daily low of $1.03 after dropping from $1.10. Over the longer term, XRP has fallen 15.4% over the past 7 days and lost nearly 25% of its value this month. It is now 58% below its price at the same time last year.
📌 One of the main sources of pressure has been outflows from U.S. spot XRP ETFs. According to SoSoValue data, November 9 saw net outflows of $10.42 million, the highest daily figure since March. Bitwise's ETF accounted for about $9.4 million (90% of total outflows), Canary Capital's XRPC fund lost $811,440, and 21Shares' TOXR fund recorded outflows of $212,900.
💬 What do you think about this price action? Let's discuss!
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🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 As of November 11, XRP had fallen more than 3% over the past 24 hours, trading around $1.06. During the session, it hit a daily low of $1.03 after dropping from $1.10. Over the longer term, XRP has fallen 15.4% over the past 7 days and lost nearly 25% of its value this month. It is now 58% below its price at the same time last year.
📌 One of the main sources of pressure has been outflows from U.S. spot XRP ETFs. According to SoSoValue data, November 9 saw net outflows of $10.42 million, the highest daily figure since March. Bitwise's ETF accounted for about $9.4 million (90% of total outflows), Canary Capital's XRPC fund lost $811,440, and 21Shares' TOXR fund recorded outflows of $212,900.
💬 What do you think about this price action? Let's discuss!
#Altcoins #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).