Money tsunami hits XRP as traditional investors deploying more capital xrp xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple $xrp
experienced weekly inflows surpassing this level. The first instance was at the beginning of the year, while the second occurred in late March. Interestingly, both of these previous occurrences coincided with XRP's price surge of at least 11%. Similarly, this time, XRP has shown a remarkable rise of 11.2% in the past week, further validating the trend.
However, James Butterfill from CoinShares believes that these outflows do not indicate long-term negative sentiment for the market. Instead, he suggests that investors have been capitalizing on profits and exiting short positions.
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