XRP price forms a double-bottom as weekly ETF inflows jump 47%
XRP price moved into a correction after falling by over 15% from its highest level this year despite the encouraging Ripple news.
Summary
- XRP price has formed a double-bottom pattern on the four-hour chart.
- Data shows that spot XRP ETFs added over $56 million in assets last week.
- Ripple Labs has received licenses from the UK and Luxembourg.
Ripple (XRP) token dropped to $2.0520, much lower than the year-to-date high of $2.4. Its market capitalization has pulled back to $125 billion.
XRP price has retreated even as data shows that ETF inflows have started to climb. These funds added $56 million in assets last week, a 47% increase from the previous week’s $38…
