XRP's crowd sentiment has plummeted to its lowest in nine months, according to Santiment data, as retail investors continue to sell following a recent crypto market downturn. Despite this, whale investors are showing strong demand, suggesting a potential market rebound. The XRP/USD pair is currently oversold, with indicators signaling buy opportunities.
XRP's price has recently rebounded above $2.40 after dipping below $1.90 for ten days. CoinShares reported a $73.88 million net cash inflow into XRP investment products last week, contributing to a total of $1.96 billion year-to-date. Ripple's strategic acquisitions, including GTreasury and Hidden Road, are enhancing XRP liquidity and institutional adoption.
XRP Sentiment Dips to 9-Month Low Despite Whale Accumulation
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