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.
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