XRP has shown resilience in the face of significant outflows, with its value increasing by 11% despite institutional investors reducing their exposure to the market. According to a recent CoinShares report, XRP-based exchange-traded products experienced net outflows worth $76.1 million during the week ending March 13.
However, this decline in market valuation has not had a negative impact on the token's price, with Ripple trading near $1.48 at the time of writing. In fact, over the past 15 days, Ripple has gained more than 11%, defying expectations and maintaining its stability despite facing pressure.
The current cryptocurrency market presents an interesting situation, with institutional investors showing different patterns of fund movement, resulting in decreased asset value. Analysts point to increased retail investment and network activity as drivers of the price rally, with March daily transactions reaching 3.9 million on the XRP Ledger network.