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coinpedia 2025-01-28 12:57:47

XRP Shines with $2.1M Weekly Inflows, Leaving Bitcoin and Ethereum in the Dust!

XRP Shines with $2.1M Weekly Inflows, Leaving Bitcoin and Ethereum in the Dust!

The post XRP Shines with $2.1M Weekly Inflows, Leaving Bitcoin and Ethereum in the Dust! appeared first on Coinpedia Fintech News XRP has emerged as a strong performer during the DeepSeek saga, attracting $2.1 million in weekly inflows. Meanwhile, Bitcoin (BTC) and Ethereum (ETH) suffered combined outflows of $541 million, raising questions about whether XRP is becoming a safer choice for investors. XRP Outperforms Other Crypto Inflows According to James Butterfill, Head of Research at CoinShares, XRP has recorded impressive weekly inflows of $2.1 million. This brings its monthly inflows to a striking $92.6 million. Yesterday's rout in the markets caused by the DeepSeek news caused investors to panic, prompting outflows from Bitcoin and Ethereum totalling US$442m and US$99m respectively. pic.twitter.com/7a01ZwUTu1 — James Butterfill (@jbutterfill) January 28, 2025 Meanwhile, XRP’s performance has given an impressive Year-to-date return with an inflow of 93 million. In comparison, Bitcoin and Ethereum have faced collective outflows of $541 million, with BTC losing $442 million and ETH seeing $99.2 million in outflows. Other cryptocurrencies such as Solana (SOL) and Litecoin (LTC) also faced outflows of $2 million and $0.2 million, respectively. Meanwhile, Cardano (ADA) and Chainlink (LINK) recorded modest inflows of $0.3 million and $0.1 million. Despite this, XRP stands out as the top-performing digital asset, demonstrating its ability to attract investor confidence even during a market downturn. Market Sentiments Remain Bullish Despite Bitcoin and Ethereum lagging, the overall sentiment in the crypto market remains optimistic. High-profile moves by companies like MicroStrategy and Metaplanet have contributed to this bullish outlook. MicroStrategy recently added over 10,000 BTC to its holdings, while Metaplanet announced raising $745 million to invest in Bitcoin. XRP Shines Bright As of now, XRP price has been trading around $3.16 reflecting a rise of almost 14% with a market cap hitting $182.4 billion. During the recent dip, whales bought 120 million XRP coins, showing strong investor trust and driving its growth. Meanwhile, Bitcoin rose 3% to $102,579, while Ethereum increased 3.40% to $3,170. Solana and Binance Coin also gained, trading at $236 and $673, respectively.

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