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    XRP Sinks on Sustained Selloffs, ETF Outflows

    Olu AnisereBy No Comments2 Mins Read
    XRP Sinks On Sustained Selloffs, ETF Outflows
    XRP

    XRP Sinks on Sustained Selloffs, ETF Outflows

    Ripple (XRP) declined sharply, moving below support as a raft of sellers took profits. This negative performance aligned with overall movement across top crypto names on Wednesday.

    Bitcoin, Ethereum, and Binance Coin are down, and the market has seen sell pressures in Solana, Dogecoin, Tron, Cardano, except Hyperliquid, which posted a price appreciation of 2%

    Trading in XRP increased by 24%, with transactions valued at $1.8 billion.  XRP is navigating a mix of institutional negative sentiment and technical caution, with the price trading at $1.33 amid a bearish death cross.

    XRP price is consolidating near $1.33, showing weak technical momentum, with an RSI of 40.31 and a recent death cross of its 20/50-day averages — a classic bearish signal.  Price could fall further in the absence of dip buyers.

    Meanwhile, the XRP Ledger Foundation has released a draft standard for AMM v2, which would expand its decentralised exchange beyond the current constant-product model.

    The upgrade would allow liquidity pool creators to select from various curves, including Concentrated Liquidity and StableSwap pools.

    This is bullish for the XRPL’s DeFi potential as it aims to significantly improve capital efficiency and attract more sophisticated liquidity, making the network more competitive with other smart contract platforms.

    XRP’s narrative is split between near-term technical headwinds and steady progress in institutional adoption and ecosystem development. #XRP Sinks on Sustained Selloffs, ETF Outflows Bitcoin Sinks Amidst NY Lawsuit, Institutional Sell-offs

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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