Institutional Investors Are Leaving Ethereum And Buying XRP – Here Are The Figures

XRP has entered a compression zone amid rising institutional demand and stagnant price action, with recent ETF inflows exceeding $756 million over 11 days, indicating a potential trend reversal. This situation has traders speculating on a significant price movement ahead.

Ethereum has experienced significant inflows to Binance, marking the largest daily exchange netflow since 2023, amidst a period of price consolidation between $3,000 and $3,200. This development has raised concerns among analysts about a potential bearish phase due to weakening demand and market uncertainty.

A prominent crypto investor has made headlines by selling all of his Bitcoin holdings, which he initially purchased at $3,000, to invest entirely in XRP. This decision comes amid a turbulent market where Bitcoin's price has dropped significantly, while XRP is also facing a downturn, with recent reports indicating a negative shift in social sentiment towards the token.

21Shares has submitted its fifth amendment to the S-1 filing for its XRP exchange-traded fund (ETF), indicating progress towards a potential launch this week. This amendment reflects ongoing efforts to meet regulatory requirements and market expectations for the ETF.

Ethereum has experienced a significant 62% drop in network fees, indicating a softening demand for its base layer in November. Despite this decline, the underlying price supports and strong growth in layer-2 solutions suggest that the network retains some momentum.

Bitcoin and Ethereum have shown positive price movements as traders anticipate an interest rate decision from the Federal Reserve, with Bitcoin recently trading above $94,000. This comes after a period of volatility where crypto prices generally react favorably to rate cuts, although the current market dynamics are complex.

Ethereum has emerged as a leading platform for dollar-denominated transactions, surpassing traditional payment networks in the digital payments sector. This shift highlights Ethereum's growing dominance as a blockchain solution for on-chain operations, as evidenced by a recent report indicating its increasing utilization by crypto players.

XRP has underperformed in the cryptocurrency market as a sudden surge in Bitcoin led to $387 million in liquidations. The token's technical outlook remains uncertain, with support at $2.05 and resistance at $2.17, prompting traders to monitor for volume expansion.