XRP Rejected at $1.45 as Ripple Labs ETF Outflows Rise

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Although the week began on a more positive note for the spot Ripple (XRP) ETFs in the US, it ended with more significant outflows, making it a red one – the first since late January.

At the same time, the underlying asset’s attempted breakout was short-lived, as it was stopped at $1.45 and now sits below a crucial support level.

XRP ETFs Bleed

The financial products tracking the performance of the fifth-largest cryptocurrency have not fared well in the past few weeks. Recall that they even had some days of minimal activity, where So Value saw no measurable inflows worth reporting. Nevertheless, they managed to end all four weeks of February in the green, albeit in a more modest manner at the end of the month.

March also started more favorably. It began with a $7 million net inflow on Monday, followed by $7.53 million on Tuesday, and a more modest $4.19 million on Wednesday. However, investors broke their streak on Thursday, with $6.15 million in net outflows.

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