XRP's recovery prospects are being held back by weak technicals and muted retail demand, despite recent inflows into XRP digital investment products.
According to data from CoinShares, $25 million flowed into XRP last week, bringing the total assets under management to nearly $2.58 billion. However, this influx is not enough to overcome the bearish sentiment indicated by momentum indicators, which show a downward trend in the Relative Strength Index (RSI).
The crypto Fear & Greed Index remains in the fear territory, holding at 47 on Monday. This indicates that investor risk appetite is gradually improving, but still cautious.