Weiss Crypto Comments on XRP’s Resilience

Weiss Crypto, the cryptocurrency-focused subsidiary of Weiss Ratings, has remarked on XRP’s resilience amid a broader cryptocurrency market downturn.

The Ripple-linked token has successfully attracted an additional $1.8 million in institutional investment over the past week.

On Monday, cryptocurrency firm CoinShares reported negative outflows for various digital asset investment products. Remarkably, Bitcoin saw outflows totaling $978 million, reflecting diminishing institutional interest. Similarly, Ethereum (ETH) products experienced a drop of $176 million.

In contrast, XRP demonstrated impressive inflows, defying the general bearish trend.

Weiss Crypto noted, “pockets of resilience indicate that investor interest persists beneath the surface.”

Earlier this month, renowned trader John Bollinger suggested that XRP could emerge as a new market leader due to its strong performance.

Additionally, there are currently ten pending spot XRP ETF filings in the U.S. Recent reports indicate that Hashdex has requested the SEC to update its crypto index ETF to include multiple altcoins, XRP among them.