Cryptocurrency Market Decline Hits XRP Price, Investor Sentiment

The cryptocurrency market is experiencing a decline, with many altcoins, including XRP, seeing significant price drops. The total market cap has lost over $150 billion in the past 36 hours, which may be contributing to XRP's correction.

Data from SoSoValue shows that investors who use spot Ripple ETFs in the US have been hesitant to invest. On three out of five trading days last week, there were no net inflows reported. This is a significant change from the initial days of these products, which saw rapid growth and surpassed the $1 billion mark within a month.

XRP's price has dropped by over 4.5% in the past 24 hours and is currently trading at $1.33. However, some analysts believe that XRP may still experience gains against Bitcoin, with CryptoWZRD predicting that XRP/BTC will continue to trade positively.