Payments-focused cryptocurrency XRP dropped about 5% to $1.03 last week, even as bitcoin , ether , and solana (SOL) each climbed 1% to 4%. The broader crypto market added 1.4%, pushing total market capitalization to $2.19 trillion. XRP is currently hovering near $1.03.
The underperformance is puzzling because XRP exchange-traded funds still attracted net investor capital for a fourth consecutive week. The inflows, however, have slowed sharply, collapsing roughly 93% week-over-week to around $1 million, according to data source SoSoValue. Meanwhile, bitcoin and ether funds pulled in hundreds of millions.
Traders and analysts on X and elsewhere point to several overlapping explanations for the price apathy….
