XRP ETFs see $8.43M in inflows after breach of $1.25 — November rally ahead?

Is XRP’s undervaluation finally catching up with institutional interest? Technically, XRP was one of the hardest hit high-cap assets after the Binance hack. It lost over 6.5% of its value and fell below the key $1.25-support level. What’s more, the breakdown dragged XRP back to levels seen during mid-August, leaving STHs underwater and raising the chance of further downside. From an institutional standpoint, however, the chart below illustrates that Spot XRP ETFs had the best single-day performance since 25th September, seeing net inflows of $8.43 million on 29th October. This puts them on course to exceed last week's inflows, while their combined holdings now account for 1.87% of XRP's circulating supply. In essence, a divergence is taking shape between weakening technicals and rising institutional interest.

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