Data analysis indicates that while XRP inflows have declined, this cryptocurrency asset still maintains investor interest.
Decline in XRP Inflows
Last week, only $25 million flowed into XRP investment funds, down 80% from $125.9 million the previous week. Despite this drop, XRP positioned itself as one of the few assets able to attract new capital during the overall market downturn.
Comparison with Bitcoin and Ethereum
While XRP has shown a slight influx, Bitcoin experienced an outflow of $1.03 billion, resulting in month-to-date negative figures of -$1.05 billion. Ethereum also lost $441 million over the week, although it still remains in positive territory for the month due to previous strengths.
Outlook for XRP in September
Total inflows for August amounted to $173 million, while year-to-date allocations reached $1.26 billion. These figures support the notion that, despite short-term interest declines, XRP remains in a strong position compared to other market assets.
Thus, despite widespread withdrawals in the digital asset sector, XRP continues to attract investments, indicating its potential heading into September.
