must ripple [XRP] Investors are upset by the news of this…

  • Ripple investors failed to pour money into blockchain investment despite asset flows reaching their highest point in months
  • XRP is down 25% from last week but is rarely affected by hibernation; He seems to be recovering

According to the Digital Asset Flow Report released on November 14 by Coinshare, ripple [XRP] Couldn’t get any better from last week’s performance. in it Information is published By James Butterfill, XRP investors have stopped funding at least $1 million in investment products for the payment platform.

Surprisingly, this happened after the digital asset investment products recorded inflows of $42 million. Blockchain shares also hit $32 million, making last week’s inflow the most significant since May 2022.


Read XRP Price Prediction 2023-2024


Insurance before the unknown

Investors’ actions may be consistent with the impression that they were cautious in mind horrific events This led to a crash in cryptocurrency prices. However, XRP does not seem to care much about hesitation.

According to CoinMarketCap, the payment token is up 1.17% in the past 24 hours, changing hands at $0.355 at press time. Another notable fact is its volume, which has increased by 107.81%.

The 24-hour volume of XRP has reached $1.839 billion at the time of writing. This means that XRP investors engaged in an astonishing number of transactions during the mentioned period.

for all that net profit and loss, XRP was -4.32 million, according to Santiment. In this case, I concluded that the XRP tokens involved in the transactions had more to lose than profit. Similarly, network profitability declined and overall market sentiment was negative.

Source: feeling

The achieved ceiling amounted to 155.26 million. This situation means that XRP investors have spent much less to acquire the newly accumulated tokens. So this can to some extent be a stock of losses incurred recently.

Defeated but not out of the game

Additionally, the inability of investors to add Ripple investments may be related to the recent SEC-LBRY Index victory. Despite the defeat, XRP managed to gain attention in other ways. According to Santiment, Electoral transactions That spanned $100,000 and over 13 at press time.

In fact, transactions were around 249 on the same November 14th before these sharks slowed down. This indicates that the SEC’s loss did not leave traders with deep pockets in shambles. As for NFT trading volume, it settled at 5,287. Although far from the record high recorded on November 1, the country indicated that XRP was finding it more difficult to maintain interest.

Ripple whales compared to XRP NFT

Source: feeling

But other parts of Coinshares revealed that some investors saw the market crash as an opportunity. The highlight was Bitcoin [BTC] which recorded inflows of $19 million, while its short-term investment products totaled $12.6 million.

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