XRP (CRYPTO: XRP) has pulled back sharply over the past few days, sliding from this month’s high of $1.6930 to $1.3955. The retreat lines up with broader weakness across crypto markets, including pullbacks in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
What stands out, though, is that the decline has come even as XRP ETF inflows accelerate and Ripple’s RLUSD stablecoin continues to gain market share.
XRP ETF Inflows and Ripple USD Assets Have Jumped
Third-party data shows that demand for XRP assets continues rising this month. SoSoValue data shows that spot XRP ETFs added $26.2 million in assets on Friday, bringing the weekly gains to $110 million.
These funds have now added $153 million in August, the best weekly performance this year. The previous best month was in May, when they attracted $131 million in inflows.
