XRP Shines as Investors Ditch Bitcoin and Ethereum in Pursuit of Ripple’s Token
While the cryptocurrency market faces a turbulent week because of Chinese artificial intelligence (AI) startup Deepseek, the XRP is standing out with an impressive performance in recent days, registering significant inflows from large investors.
Recent data from CoinShares, shared by the firm’s Head of Research James Butterfill, reveals that XRP attracted $2,1 million in investment over the past week, while giants such as Bitcoin and Ethereum saw significant outflows.
With the recent inflows, XRP’s monthly inflows have risen to an impressive $92,6 million. This shift in inflows indicates that investors may be seeking safer and more profitable alternatives amid market uncertainty.
“Yesterday’s market crash caused by the DeepSeek news caused investor panic, triggering outflows of Bitcoin and Ethereum totaling $442 million and $99 million, respectively,” wrote Butterfill.
![XRP Shines as Investors Ditch Bitcoin and Ethereum in Pursuit of Ripple’s Token image 0](https://img.bgstatic.com/multiLang/image/social/9dddd0714fcc616b7039e62f1a93c3e11738080021913.jpg)
Several factors could be contributing to the capital flow towards XRP: Optimism regarding Ripple’s legal case: A positive resolution of a lawsuit could significantly boost the price of XRP; Whale accumulation: Large investors are increasing their positions in XRP, demonstrating confidence in the cryptocurrency; Outperformance: XRP has been consistently performing, outperforming other cryptocurrencies in recent months.
XRP soars 14% today: Whales take advantage of recent drop to accumulate and boost the cryptocurrency
XRP, Ripple's native cryptocurrency, is experiencing a strong rally in the last 24 hours , registering a 14% increase in its value. Behind this movement is a voracious appetite from large investors, known as whales, who took advantage of a recent market correction to accumulate millions of XRP tokens.
XRP’s dip below $3,00 triggered a buying spree by whales. On-chain data shared by renowned crypto analyst Ali Martinez indicates that these large investors acquired around 120 million XRP during this bearish period, demonstrating significant confidence in the coin’s future. This strong demand, combined with increasing trading volume, has pushed the price of XRP above the $3,12 mark today.
Amid a market recovery scenario this Tuesday, cryptocurrencies are showing significant gains, with XRP standing out, leading the gains among the main crypto assets with an appreciation of more than 13% today alone. At the time of publication, the price of XRP was quoted at US$ 3,17 with an increase of 13% in the last 24 hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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