XRP Investors Undeterred by Paper Loss
Despite $750M paper loss, XRP investors continue to buy into ETFs.
XRP investors have seen a significant paper loss of over $750 million, according to recent data. However, this hasn't deterred them from purchasing exchange-traded funds (ETFs), with a total of $320 million invested in the past period. This resilience could be a sign that investors are looking for opportunities to buy into XRP at discounted prices. The ongoing buying activity may indicate a potential shift in market sentiment, but it's essential to note that paper losses can be a significant burden for investors. As of now, the 24-hour on-ledger volume stands at 1,718,554 XRP, with a 24-hour price change of -1.76% and a current price of 1.3558 RLUSD. The XRPSync validator has reported a high uptime of 98.84%, operating at ledger #106,695,184.
Sources
CR Cryptonewscryptonews.com CR CryptoSlate
cryptoslate.com
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