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Despite Crypto Crash – XRP Funds Inflows Spike 3x

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 20, 2022

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Coinshares reported that even after the prevalent poor fund flows into crypto-related products, XRP has managed to showcase a three-fold increase in inflows. Although the week before last had seen a fund inflow of $100,000 into XRP-focused crypto products, this time around it had already touched $300,000.

In the past six weeks, XRP has come out as one of the few crypto products that strived to attract funds. The XRP project continues to stay afloat amidst the negative market dynamics and the ongoing SEC v. Ripple litigation. Regulators’ had plans to have XRP recognized as a security, however, the project still kept running.

Funds inflows into XRP-oriented products have also increased by $500,000 month over month. The Year over year data is even better, indicating a surplus of $8.5 million.

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