XRP Price Retreats as ETFs Record $11.2M in Daily Inflows

• XRP lost momentum after failing to hold above $1.39.
• XRP ETFs recorded $11.2 million in daily inflows.
• XRP fear reached a two-year extreme, placing sentiment near past zones that preceded rebounds.

For a month now, the XRP price has continued to trend lower, with highs that failed to hold. Despite trading lower, it has maintained a strong, stable trend as bears and bulls battle for control. This comes as XRP ETFs have continued to record inflows following an active market. These trends in the XRP price and the ETFs have prompted market analysts to weigh in on the next move, as the asset is down 8% in one month.

XRP Price Drops After Failed Attempt to Hold Above $1.39

At the time of writing, CoinMarketCap data reveals that XRP moved sideways near $1.37 during the early part of the session. The XRP price then climbed sharply and reached above $1.39 in a brief upward burst. That advance lost strength quickly after two failed attempts to hold near the top. XRP reversed lower and gave back the entire intraday rally. A short rebound in XRP...