XRP Defies Bearish Trend as Institutional Inflows Remain Steady

XRP's price has been steadily defended at $1.35, as the cryptocurrency continues to show signs of momentum. This is despite some market volatility, with prices broadly recovering amidst optimism for a US-Iran ceasefire deal.

The steady demand for XRP through related investment products is also providing support for its price. According to recent data, institutional investors have been increasing their risk exposure through spot Exchange-Traded Funds (ETFs), with inflows totaling approximately $22 million last week.