XRP Faces 'February Curse' as Institutional Inflows Exceed $1.3 Billion

XRP, one of the largest cryptocurrencies by market capitalization, is facing a tough month as it battles the 'February Curse'. According to historical data, February has been a challenging period for XRP in recent years. The asset's price has dropped approximately 30% from its February highs, extending a painful streak of losses that began in October.

Despite this gloomy outlook, institutional inflows of over $1.3 billion have been pouring into XRP investment products since the launch of U.S. spot XRP ETFs in November. This buying spree has persisted for over 40 consecutive days, showing remarkable resilience even as the spot price tumbled.

However, if XRP fails to hold support at $1.40, it could lead to a breakdown below this level and potentially trigger a retest of $1.30. A confirmed breakout above $2.00 would effectively end the 'February Curse' narrative and signal a recovery attempt for the asset.