XRP sees $20m in weekly cash flow as Bitcoin and ETH bleed

The XRP investment products recorded more than $20 million in net weekly cash flow, thereby outshining Bitcoin (BTC) and Ethereum (ETH), which saw net outflows. During the last week of May, XRP’s investment products reported a net cash inflow of about $20.3 million, according to data from CoinShares analyzed by Finbold on June 1. As such, these funds collectively have tokens valued at approximately $2.473 billion, up by $159.5 million in May and around $311 million year-to-date (YTD). On the other hand, Bitcoin and Ethereum’s investment products registered a net cash outflow of roughly $1.695 billion. Specifically, BTC’s investment products saw a net outflow of $1.438 billion, bringing total assets under management (AUM) to $114.606 billion. Meanwhile, Ethereum’s investment products closed last week at $15.434 billion, down $257.3 million over the past 7 days. As a result, all crypto investment products had a total AUM of $141.924 billion, down by around $1.671 billion in 7 days. As XRP led other crypto assets in weekly cash inflows, traders might be wondering if the altcoin could rally in the near future. Furthermore, the token’s price dropped 3.81% over the past seven days, amid the notable weekly cash flow, trading at approximately $1.30 at press time. As such, Finbold AI Agent – an advanced financial assistance tool – anticipates further correction for XRP price over the coming seven days. The Finbold AI Agent predicted that the token could drop by 2.82% over the next 7 days, to hit $1.26 on June 8. However, if investors continue to accumulate XRP in the coming days, the AI’s prediction could be invalidated, and vice versa.