Trump gave the good news for the Lebanon ceasefire, which raised hopes that the Iran ceasefire could be permanent. For months, cryptocurrencies have been severely battered amid intense selling, and if the truce proves permanent, cryptocurrencies could quickly reverse a long decline as the Fed initiates QE. So, what is the latest situation regarding XRP Coin?
Ripple (XRP)
BTC And ETH ETF demand for ETFs has revived, and it is positive that institutional investors have turned to buyer positions before the ceasefire is finalized. Things are also going well for XRP Coin. We saw net inflows of $11.2 million on April 14, and total inflows on business days from April 10 to 14 exceeded $21 million. According to Sosovalue data, the total net assets of the 5 XRP ETF products reached 1.17% of the altcoin’s market value. Cumulative net inflow totals $1.23 billion.
In terms of ETF interest, XRP is the largest altcoin in total net assets, right behind Ether. Although Solana periodically performed better in entries, he handed over his throne to his rival after the decline. Of course, the Drift Protocol hack incident also has a share in this. However, when we look at on-chain activity and TVL, Solana is ahead.
RippleUSD (RLUSD) circulating supply shrank on the monthly and increased on the weekly for Ethereum. The supply, approaching 1.5 billion dollars, is rising, albeit slowly.
It may be unfair to look at XRP Ledger in terms of TVL and revenues at this stage because they have focused on continuous infrastructure development for years due to the SEC case. Compared to competitors such as Solana, XRP Ledger is a network that can be activated especially by the growth in the RWA space. For now, TVL is below $50 million and DEX volume cannot exceed the $6 million limit. 21 protocols are active on the network and Ondo is the largest. The growth in Ondo, which offers support on 12 networks, is important for the development of XRP Ledger, we will watch whether this will happen in the coming years. For now, investors are investing in XRP with “future motivation” due to its RWA potential of tens of billions of dollars.
XRP Coin price
of Bitcoin similar to the channel where he lingers XRP Coin is stuck in a narrow gap. The altcoin, stuck between $1.31 and $1.5, made two major attempts to overcome the resistance, but these could not be permanent. He now looks keen to progress to the third trial. Starting to close above $1.44 here may cause it to overcome the resistance and quickly reach $1.83.
For now, it has left the middle area of the channel behind and the resistance has a high potential to be broken due to the previous 2 attempts. The news flow is also in favor of the bulls.
