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XRP (CRYPTO: XRP) ETF inflows collapsed from $60.5 million the week of May 15 to zero on May 27, as XRP broke down from a descending triangle wiping out $18.18 million in leveraged positions.
ETF Momentum Fading Fast Heading Into End Of May
The deterioration has been swift. The week of May 8 brought in $34.2 million, followed by $60.5 million the week of May 15.
The week of May 22 then dropped sharply to $22.04 million before this week collapsed to just $1.55 million and a complete zero on Tuesday—a sharp reversal that reflects the broader cooling of altcoin appetite hitting crypto markets right now.
XRP is up 1.5% after sweeping liquidity at $1.27, a move where price briefly broke below…
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