XRP sees $11 billion in inflows as crypto market rebounds
After a staggering $300 billion wipeout in the cryptocurrency market over the course of the weekend, the broader crypto sentiment has seemingly shifted. Notably, XRP has seen a grand total of $11.55 billion in inflows over the past 24 hours, bringing its total market capitalization from $102.36 billion to $113.91 billion on April 8, per data retrieved by Finbold from CoinMarketCap . XRP market cap 1-day chart. Source: CoinMarketCap This amounts to an 11.28% increase in market capitalization. In contrast, the wider crypto market has seen a 0.09% decrease in market cap in the same timeframe. Several bullish catalysts are propelling XRP upward While near-term volatility is to be expected, XRP is currently benefiting from a couple of tailwinds apart from the increase in inflows. For one, it was recently announced that Ripple will acquire Hidden Road, a prime broker, for $1.25 billion. This will be one of the largest deals yet in the cryptocurrency space. ...