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{"id":4595,"date":"2023-09-19T07:17:24","date_gmt":"2023-09-19T07:17:24","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=4595"},"modified":"2023-09-19T07:18:55","modified_gmt":"2023-09-19T07:18:55","slug":"unlock-the-secret-how-xrp-attracts-institutional-money","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/unlock-the-secret-how-xrp-attracts-institutional-money\/","title":{"rendered":"Unlock the Secret: How XRP Attracts Institutional Money"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The Unusual Uptick<\/h2>\n\n\n\n<p>In a market characterized by outflows and bearish trends, Ripple&#8217;s XRP stands out as an exception. According to CoinShares&#8217; latest Digital Asset Fund Flows report, the cryptocurrency market has seen outflows totaling $54 million in the last week alone. While Bitcoin accounts for $45 million of these outflows and Ethereum follows with $4.8 million, a select group of altcoins, including XRP, has attracted institutional interest. Specifically, XRP saw inflows of $130,000, a figure that may seem modest but is significant in the context of a market that has been largely bearish. The XRP price has also managed to stay above the critical resistance level of $0.5, marking a 2.5% increase in a single day and weekly gains of 6.3%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"796\" src=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-25-1024x796.png\" alt=\"\" class=\"wp-image-4608\" srcset=\"https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-25-1024x796.png 1024w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-25-300x233.png 300w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-25-768x597.png 768w, https:\/\/lunu.io\/news\/wp-content\/uploads\/2023\/09\/image-25.png 1149w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Bigger Picture<\/h2>\n\n\n\n<p>The positive flow into XRP comes at a time when the broader cryptocurrency market is experiencing a downturn. Over the last nine weeks, the market has seen outflows aggregating to $455 million. Bitcoin, the leading cryptocurrency, has been responsible for 85% of these outflows. In contrast, altcoins like Solano, Cardano, and XRP have managed to attract institutional investment, albeit in smaller amounts. While Solano and Cardano attracted inflows of $0.7 million and $0.43 million respectively, XRP&#8217;s $130,000 inflow is noteworthy given the overall market sentiment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Balanced Perspective<\/h2>\n\n\n\n<p>From my point of view, the positive institutional flow into XRP is a promising sign for the altcoin and the cryptocurrency market at large. It suggests that despite the bearish trends, there are assets that institutions find valuable for long-term investment. However, it&#8217;s crucial to note that these inflows are relatively small compared to the outflows seen in dominant cryptocurrencies like Bitcoin and Ethereum. The market is still largely bearish, and a few positive signs should not be taken as an indication of a complete turnaround.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Pros:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Positive institutional flow into XRP could signal the beginning of a market recovery.<\/li>\n\n\n\n<li>XRP&#8217;s price stability above critical resistance levels indicates strong investor confidence.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Cons:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The inflows are modest and may not significantly impact the broader market trend.<\/li>\n\n\n\n<li>The market is still largely bearish, with dominant cryptocurrencies experiencing significant outflows.<\/li>\n<\/ul>\n\n\n\n<p>In summary, while the uptick in institutional investment in XRP is a positive development, it&#8217;s essential to view it in the context of the broader market. As I see it, cautious optimism is warranted, but it&#8217;s too early to declare a market turnaround.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Unusual Uptick In a market characterized by outflows and bearish trends, Ripple&#8217;s XRP stands out as an exception. According to CoinShares&#8217; latest Digital Asset Fund Flows report, the cryptocurrency market has seen outflows totaling $54 million in the last week alone. While Bitcoin accounts for $45 million of these outflows and Ethereum follows with [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4596,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[53,54],"tags":[],"class_list":["post-4595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto"],"_links":{"self":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/4595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/comments?post=4595"}],"version-history":[{"count":1,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/4595\/revisions"}],"predecessor-version":[{"id":4620,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/posts\/4595\/revisions\/4620"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media\/4596"}],"wp:attachment":[{"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/media?parent=4595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/categories?post=4595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lunu.io\/news\/wp-json\/wp\/v2\/tags?post=4595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}