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Cryptocurrency News Articles
XRP Has Once Again Reigned Supreme Against Other Top Cryptocurrencies
Apr 14, 2025 at 07:39 pm
This shift comes amid growing anxiety over the US tariffs and legal uncertainty in the crypto sector, with Ripple's native asset showing surprising resilience.
The cryptocurrency market recorded a seventh95 million outflux in the past week as traders pulled back from digital asset investment products for the third consecutive week, wiping out nearly all year-to-date gains, according to a recent CoinShares report.
Since early February, outflows have totaled $7.2 billion, quickly reducing market sentiment.
The report showed that Bitcoin suffered the heaviest blow with $751 million exiting the asset, although it still maintains $545 million in YTD inflows.
On a weekly basis, Ethereum followed with $37.6 million in losses, while Solana also slipped by $5.1 million. Even short-bitcoin products weren’t spared, seeing $4.6 million in outflows.
However, not all digital assets faced the same fate. XRP saw inflows of $3.5 million, leading the top altcoins. Ondo, Algorand, and Avalanche also posted modest gains.
These inflows suggest that investors are shifting their focus to assets that could outperform during turbulent periods.
CoinShares analysts noted that the trend was largely driven by uncertainty around President Trump’s tariff strategy, which ultimately led to a last-minute cancellation.
Still, a late-week price recovery lifted total crypto assets under management by 8%, reaching $130 billion after dipping to their lowest point since November 2024.
Will XRP Maintain Momentum?
Strength of Ripple’s cryptocurrency isn’t entirely unexpected. Analysts attribute its resilience to the pending outcome of the Ripple vs SEC lawsuit, which may be nearing a conclusion.
The crypto community remains hopeful that the anticipated favorable outcome could boost the crypto’s legal standing and long-term value.
However, experts caution investors against betting on a massive rally solely based on legal resolution in the Ripple Vs SEC lawsuit. The broader market environment and macroeconomic pressures could still limit Ripple’s coin upside move, despite regulatory clarity.
The big question now is whether the crypto can hold its ground while others falter. Additionally, the recent Ripple coin influx, defying the broader crypto market trend, has further fueled market confidence.
Despite that, XRP price has lost more than 3% today but held its $2 support. During writing, Ripple coin exchanged hands at $2.15, while its one-day volume fell 4% to $3.99 billion. Besides, the Ripple coin’s Futures Open Interest fell nearly 11% to $3.2 billion, reflecting the waning risk-bet appetite of the investors. Having said that, investors should exercise due diligence before putting their bets into the asset.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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