Here’s why XRP’s price recovery faces threat from surge in whale inflows

The Spot ETF flows to XRP in October have totaled +$14.52 million so far. The ETF inflows were not enough to halt the 13.4% price decline in October though, with the altcoin falling from $1.49 to $1.29 at the time of writing. In mid-September, XRP tested the $1.25 local demand zone and saw a bullish price reaction that boosted the token up to $1.65. The retracement since then, including the steady losses in October, has driven the price back to the same demand zone. XRP bulls look to hold on to $1.25 for a second time AMBCrypto recently reported that the share of exchange transactions amounting to more than one million XRP dropped from 60% to 38.6%.

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