Citing The Crypto Basic, XRP community analyst Chad Steingraber has explained how a small price increase in XRP could trigger a surge in ETF trading activity. Steingraber highlighted that newly launched XRP ETFs, including Canary Capital’s XRPC and Bitwise’s XRP fund, have attracted over $422 million in inflows within a week. He suggested that a modest rise in XRP’s opening price could lead to increased ETF share values and investor FOMO, potentially influencing market dynamics. XRP opened Monday at $2.04, up $0.091 from its Friday close, though it did not reach the $2.10 level Steingraber predicted.
XRP ETF Inflows Could Trigger Price Frenzy, Analyst Says
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