Ripple's XRP Struggles to Stay Above $1.30 Amid Market Decline

Ripple's cross-border token, XRP, is struggling to stay above the $1.30 mark amid a decline in the cryptocurrency market.

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According to data from SoSoValue, investors who opt for spot Ripple ETFs in the US have largely vanished, with half of the trading days last week seeing no reportable net inflows and the streak continuing on February 23rd.

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As a result, the cumulative net inflows since the first product launched in mid-November remain flat at $1.23 billion, a stark contrast to its initial success when it surpassed the $1 billion mark in just one month.

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Despite this decline, analysts note that XRP is exhibiting signs of infrastructure token behavior, driven by real-world utility narratives such as payments, tokenization, and on-chain settlement rails. This could indicate a more stable long-term outlook for the asset, even if it faces short-term challenges.