by Coinstrooper Crypto Articles
Quick Take
  • Bitcoin and Ethereum ETPs bore the brunt of the outflows, seeing redemptions of $1.4 billion and $689 million, respectively.
  • Following the most recent FOMC meeting, Federal Reserve Chair Jerome Powell noted that a third rate cut in December was not guaranteed.
  • This prompted analysts to revise their outlooks, triggering a broader market adjustment.
  • XRP has fallen 3.6% in the past 24 hours, slipping below the $2.20 mark and extending its weekly loss to 11%.

What Happened

Investors pulled millions from XRP-linked exchange-traded products last week as uncertainty gripped the broader crypto market, but how does this fare for an XRP price prediction?

This Solana-powered Bitcoin Layer-2 has already raised nearly $28 million as investors rush to secure their position before the next price jump.

Now, investors can put their Bitcoin to work in a growing ecosystem without compromising security or overpaying in fees.

Market Context

Following the most recent FOMC meeting, Federal Reserve Chair Jerome Powell noted that a third rate cut in December was not guaranteed. This prompted analysts to revise their outlooks, triggering a broader market adjustment.

XRP Price Prediction: Key Support at $2.10 Holds… For Now

With the price now hovering above the $2.10 support on the 4-hour chart, this level is shaping up to be a critical line of defense.

With market uncertainty still in play, Bitcoin Hyper ($HYPER) stands out as one of the most promising early-stage projects.

To buy $HYPER before its next price increase, simply head to the Bitcoin Hyper official website and connect your wallet (e.g. Best Wallet).

Why It Matters

The recent formation of a descending triangle hints at a potential bearish breakout, raising concerns that the correction may not be over yet.

If XRP breaks below $2.10, it risks falling as low as $1.77 — a potential 16% drop from current levels.

However, if it recovers and breaks above the triangle’s upper trend line, the outlook would turn decisively bullish.

Offering blazing-fast transactions, DeFi access, and passive income features, $HYPER could be one of the most lucrative presale opportunities of this cycle.

As top wallets and exchanges adopt the solution, the demand for $HYPER is expected to rise rapidly in the near future.

Details

According to CoinShares, total outflows from crypto ETPs reached $2 billion, marking the largest weekly exit since February, with XRP products taking a significant hit.

“We believe the combination of monetary policy uncertainty and crypto-native whale sellers is the main reason for this most recent negative funk,” said James Butterfill, lead researcher at the crypto analytics firm.

Bitcoin and Ethereum ETPs bore the brunt of the outflows, seeing redemptions of $1.4 billion and $689 million, respectively.

XRP has fallen 3.6% in the past 24 hours, slipping below the $2.20 mark and extending its weekly loss to 11%.

Bitcoin Hyper ($HYPER) Brings Solana-Level Speeds to Bitcoin

Building decentralized apps on the Bitcoin blockchain was nearly impossible due to its slow speeds and high costs, but that changes with Bitcoin Hyper ($HYPER).

This groundbreaking layer-2 blockchain uses Solana’s fast and affordable infrastructure to bring real DeFi utility to Bitcoin for the first time.

Thanks to the Hyper Bridge, BTC holders can securely move their Bitcoin to the Hyper L2. The original Bitcoin is safely stored in a dedicated wallet, while a matching amount is issued on the Layer-2 network.

This gives users instant access to staking, lending, and other ways to earn passive income with lower fees and faster speeds.

You can swap existing crypto or use a bank card to complete the transaction in seconds.

Buy $HYPER Here.