XRP Price Holds Steady Amid ETF Outflows and Sponsorship Controversy

XRP's price has remained steady at $1.10 despite an unexpected decline in ETF inflows, which totaled $7.29 million and put an end to a nine-week streak of cumulative inflows worth $1.48 billion.

This recent outflow could signal a shift in investor sentiment and potentially impact the cryptocurrency's momentum.

The XRP community has also been divided over Ripple's sponsorship deal with the University of Kansas, which features patches with the XRP logo on the team's jerseys.

A critical breakout is underway for XRP, supported by bullish RSI divergence, but it faces resistance from multiple moving averages. A daily close above $1.11 would confirm the cryptocurrency's strength.