Ripple remains a highly discussed project in the cryptocurrency space, thanks to the ongoing development of its ecosystem.
Despite the market undergoing adjustments, XRP (the company's native token) has seen an increase over the past week, with some key indicators suggesting that a larger price rebound may be on the horizon.
Global Expansion and Latest Developments
In terms of ETFs, several well-known companies such as Bitwise, Franklin Templeton, 21Shares, and Grayscale have launched related investment products, with cumulative net inflows exceeding $1.2 billion.
However, in the past week, outflows have surpassed inflows, indicating a weakening demand for Ripple's native token among institutions. After several days of decline, a positive net inflow was finally recorded on March 17, but it remains unclear whether market interest will recover in the short term.
XRP Market Outlook
As of now, the price of Ripple's cross-border token is approximately $1.44 (source: CoinGecko), reflecting a 4% increase from the previous week. This stands in stark contrast to the losses experienced by many other altcoins during the same period.
Currently, the total amount of XRP controlled by this segment of market participants is about $290 million, accounting for 19% of the circulating supply of XRP, totaling 1.11 billion tokens.